GREENSBORO, N.C.--In a 5-4 vote on Thursday night, Guilford County Commissioners approved $400,00 in incentives for TIMCO Aviation Services to expand its operations to PTI.
The company is considering Greensboro as a potential city to expand its operations, by building two new hangars.
TIMCO's Vice President of Industry and Government Relations, Kip Blakely, says the hangars would be used for "regular business" and add about 400 jobs, that will pay an average of $41,000 a year. The company will also provide on the job training.
"We try to grow technicians that are certified and ready and capable to go to work," Blakely said.
However, Guilford County Commissioner Jeff Phillips worries about the funding sources of the incentive grants, and how they may be perceived by other companies.
"Small companies who are struggling are concerned when they hear about only the large companies getting the benefit of an incentive," Phillips said
In addition to the $400,00 from the Guilford County Commissioners, TIMCO received the same amount from the city of Greensboro, and a $1 million grant from the Golden Leaf Foundation.
TIMCO plans to invest around $32 million in the project.
If Greensboro is chosen, the company says the hangars and the jobs should be operational by 2015.