CONCORD — A company involved in the aviation industry is looking at Concord to expand its facilities.
The Concord City Council voted Thursday to offer a tax-based Economic Development Incentive Grant for a facility that would locate to Aviation Boulevard.
City officials have not named the company involved in the discussions, but have called it “Project Bluebird,” which will be involved in the aviation industry.
The City Council approved a three-year incentive estimated to equal $28,194.84 to $48,649.92, depending on the project’s investment.
According to the agenda, the incentives are to “stimulate private-sector expansion of new facilities.”
The project is expected to create 40 to 70 jobs, with estimated average wages at $84,000.
The project proposes a $2.5 million to $4.4 million investment in personal property.
The city would collect a three-year net revenue of $4,975.56 to $8,858.28.