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Elizabeth City Aviation Research & Development Commerce Park

Airport and Aviation Park Overview

• Across street from Air Station Elizabeth City - one of the largest Coast Guard bases in the country
• Connected by C-130-class taxiway to 7,200 ft. runway shared by Coast Guard and Elizabeth City Pasquotank Regional Airport
• $13 million investment in infrastructure
• $18 million investment in education/training facilities
  • Elizabeth City State University Aviation Science Program - including Avionics track
  • College of Albemarle Air Frame Certificate Program (Air Plant Program to follow)

Phase I (63 acres)

• Groundbreaking October 1 2008; completion Summer 2009; hangar construction could start December 2008
• 4 sites will accommodate 3 80,000 SF facilities and one 60,000 SF facility
• Groundbreaking on educational facilities expected late 2008
• Aviation Science and Air Frame programs up and running Fall 2010
• Ground-lease rate negotiable based on number of jobs created.

Phase II (60 acres)

• 6 additional sites for 80,000 SF hangars
• Property acquisition in 2009
• Infrastructure in place 2010

Incentives

• State 3J Tax Credits of up to $5,000/job and 5%/$1million capital investment
• Training programs and customized curricula to address specific company requirements
• Discount from market ground-lease rate negotiable based on number of jobs created

Current Tenants

• DRS Technologies (formerly TAMSCO; currently being acquired by Finmecanica) :
  Has overhauled Coast Guard C-130s at an 80,000 SF hangar adjacent to the Elizabeth City Pasquotank Regional Airport since 2005

  Recently completed construction on a 10,000 SF machine shop

  Is constructing a second 80.000 SF hangar scheduled for completion in November

  Ground-leases pending on several sites in the aviation park

Contact:

• Wayne Harris
• Director
• Albemarle Economic Development Commission
• 252-338-0169
• Email: Click here