Behind The Scenes: Making The LoPresti Fury
When LoPresti Aviation announced plans to build its Fury in Belen, N.M., last week, it made a point of saying there were dozens of other communities interested in the business. Belen, along with the New Mexico government, offered a fat incentive program that included the state's Job Training Incentive Program, the High Wage Job Tax Credit and the Rural Job Tax Credit. The local government is also kicking in property-tax incentives, according to ExpansionManagement.com. Among the losing bidders for LoPresti was Manitowoc, Wisc. Officials of that town publicly questioned LoPresti's description of the lengths to which other communities and states were willing to go to lure an airplane company and questioned the manufacturer's business plan.