Posted on 06/19/2008 8:12:47 AM PDT by NonValueAdded
The Melbourne [Florida] Airport Authority has unanimously agreed to approve a 30-year lease agreement at Melbourne International Airport for Brazilian aircraft manufacturer Embraer, which plans to build a $51 million, 149,500-square-foot production facility for its Phenom business jet.
The lease agreement, which can be extended to a total of 50 years, covers 25 acres, but it gives Embraer an option for 70 more acres.
Embraer's annual lease payment of about $286,000 will be waived for the first year as an incentive. The lease package is valued at more than $8 million.
The company is expected to employ about 200 people by 2011 and have an annual payroll of more than $10 million.
hmmmmm bump.
Obambi will be displeased that an evil corporation is enticing people to work for good wages outside the public sector.
That's a good thing.
We must stop this infernal plague of foreigners investing in America.
More employment increases (or limits the decrease in) my daughter’s property value.
I hate it when people give me money.
< / sarc>
Meanwhile, SeaRay announces a furlough due to poor sales. It’s better to fly than float, I guess.
The argument against it (from this tread) is that foreigners end up controlling something that "generally has to do with national defense manufacturers". Then again, Americans buying up foreign defense plants is also bad because then we get our armaments built at reduced cost by "cheap labor".
I mean, what good are budget surpluses?
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