Latest news with #WilliamsInternational
Yahoo
3 days ago
- Business
- Yahoo
Williams International bringing $1 billion capital investment, 330 jobs to Okaloosa County
OKALOOSA COUNTY, Fla. (WKRG) — A Williams International 'high-volume aviation gas turbine engine manufacturing facility' is coming to Okaloosa County, Florida, according to state officials. Greyhound just added a Mobile bus stop — and Escambia County is next According to a news release from Gov. Ron DeSantis' office, the State of Florida and anticipate a major capital investment exceeding $1 billion, marking one of the largest projects in Northwest Florida's history. 'This is a monumental project that will have a lasting impact on both Okaloosa County's economy and the entire region,' Okaloosa County Commissioner Paul Mixon said. 'We are fortunate to have been able to invest in the infrastructure at Shoal River Industrial Park to attract an aerospace industry leader like Williams International, and I am thankful to One Okaloosa EDC and Florida Commerce for their hard work and support in this effort.' Aerospace and aviation manufacturer Williams International began a multi-state search for a location in 2023. That search is now complete, as the new facility will be located in the Shoal River Industrial Park and will be constructed in three phases. 'This billion-dollar investment is a major win for the Free State of Florida and for Floridians,' Gov. DeSantis said. 'Williams International's investment in the Florida Panhandle will create more than 330 jobs, and is a success story of the Florida Job Growth Grant Fund in Northwest Florida.' DeSantis used the Florida Job Growth Grant Fund to award $3.2 million to Okaloosa County in 2022. Construction is scheduled to begin on the 250,000-square-foot facility later in 2025, with completion expected by late 2026. More facilities are planned to be built in 2028; a final 500,000 square foot facility is scheduled for completion in 2035-2036, according to state officials. A release from the Gov. DeSantis' office said FloridaCommerce partnered with CareerSource Florida, Florida's Great Northwest, Space Florida, Okaloosa County, and Triumph Gulf Coast to secure the project. Severe weather in Mobile: When it rains, it pours 'We are very excited about starting our next phase of growth in Northwest Florida,' Williams International Chairman, President and CEO Gregg Williams said. 'We are grateful to the Triumph board and for the strong, unified support from all of our Florida stakeholders that will enable us to create many high-quality, high-technology jobs producing the world's best gas turbine engines.' Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
13-03-2025
- Business
- Yahoo
Company to add more than 300 aerospace jobs in Ogden thanks to a tax incentive
OGDEN, Utah (ABC4) — An aerospace company that has done business in Utah for several decades is planning to add more than 300 jobs in Ogden after the city granted it a tax incentive. Williams International — a company that develops gas turbine engines for jets, uncrewed aircraft, and cruise missiles — is seeking to increase its more than 900 employees in Ogden by a third, opening the doors for hundreds of new high-paying positions. The business is also expected to invest more than $1 billion in its Utah operations over the next several years, according to a city press release. Ogden City Mayor Ben Nadolski called the company 'an anchor employer' in the community, saying it provides 'high-quality, family-supporting jobs for our residents.' 'This expansion embodies 'The Ogden Way' of creating economic opportunity and building a community where all can thrive,' Nadolski said. The announcement comes after the Ogden City Redevelopment Agency Board (RDA) approved a Tax Increment Financing incentive to assist in the company's expansion. The board approved up to $22 million for the financing incentive, with as much as $17 million used to fund electrical infrastructure projects that will allow for Williams International, and other local businesses, to expand their capacities. The board also committed to invest $5.5 million for a new waterline at the Ogden-Hinckley airport. This incentive will be funded by the company's future property taxes following its expansion, city authorities say. 'The use of TIF for Williams' expansion aligns with the Airport Community Reinvestment Area goals of generating new employment, growing the property tax base, providing public infrastructure, and encouraging the development of vacant land,' the city's press release reads. The timeline of the company's expansion, and when jobs might open for applications, is not immediately clear at this time. However, the company's website more than 40 openings. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
