2024 Annual Comprehensive Report

recently added a fifth degree program to GTCC’s aviation training, aero structures manufacturing and repair, that will prepare students for specialization in an industrial and advanced manufacturing setting. Honda Aircraft Company , a division of Honda Motor Company, invested $155 million in 2006 to establish its world headquarters at the 133-acre campus at PTIA in Greensboro to include manufacturing, testing, training, maintenance and customer service facilities. In July 2023, Honda Aircraft announced its investment of $55.7 million to build its HondaJet 2600 aircraft, a new larger light jet, at its PTIA facility in Greensboro. The aircraft will be the first light jet built for transcontinental flights with seating up to 11 people. The project is expected to create 280 high-skilled jobs through 2027 at an average wage of just over $88,000. This project brings Honda Aircraft’s total investment in the State to more than $335 million. The company currently employs approximately 900 people at its PTIA campus. Marshall Aerospace , specializing in maintenance and repair of military aircraft, is investing $50 million to build and operate a six-bay complex for aircraft maintenance, repair, overhaul and painting, with room for two additional bays. Construction is underway with plans to start operations in early 2025 and over four years expects to reach total employment of 240, with a projected average annual salary of $74,566. In April 2023, City Council approved an incentive package for $240,000. Marshall has also received incentives from the N.C. Economic Investment Committee worth nearly $2.4 million over 12 years. HAECO Americas , with corporate headquarters located at PTIA, provides aircraft maintenance, repair, and overhaul services. The company has approximately 1,280 employees at its five-hangar footprint at PTIA as well as additional employees at its interiors manufacturing facility in neighboring Davidson County. It services both wide-body and small body aircraft and is able to provide both high-end interiors for luxury airliners as well as more modest coach configurations. In July 2020, Amazon began operations at its newly constructed one million-square-foot fulfillment center at Triad Business Park, situated between Greensboro and Winston-Salem. The 94-acre facility is valued at $110 million, employs approximately 1,000 workers, and is within a couple miles of the FedEx Ground operation and within 10 miles of the FedEx air and sorting hub at PTIA in Greensboro. Additionally, Amazon signed a second lease in April 2019 for 38 acres in the Piedmont Corporate Park. The ten-year lease began in August 2019 and includes five additional options to extend the lease by five years. Since 2019, Amazon has opened last-mile delivery facilities in Kernersville, Colfax and Whitsett, 14 miles east of Greensboro, employing between 100 and 200 workers.

First National Bank Field, a minor league baseball stadium with a 7,499-seat capacity, opened in 2005 in the City’s downtown and is home to the Greensboro Grasshoppers , a Class A affiliate team of the Miami Marlins. Recent annual attendance averaged 305,000 for the period 2017 through 2023, excluding 2020 and 2021 during the coronavirus pandemic. Since the opening of the stadium, mixed-use development projects have been completed or are underway in the area surrounding the stadium. Just south of First National Bank Field is the planned $140 million Carroll at Parkside (previously named Carroll South of Ballpark) mixed-use impact project that includes a proposed 8 story hotel, 348 apartment units, as well as retail and event space. Ground breaking for the project has taken place and Phase I is anticipated to include a hotel and 80 apartment units. “ Project Slugger” , a nine-story office and retail development project overlooking the stadium, opened at the end of 2020. First National Bank has its new market headquarters in the approximately 110,000-square-foot building.

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