Pueblo Economic Development Corp. has received its share of criticism for allegedly not helping existing businesses enough. Last week’s groundbreaking for United Technologies Corp. Aerospace Systems is proof that the community’s half-cent sales tax for job creation not only helps new business prospects but also assists companies that have long called Pueblo home.
UTC broke ground on its $82 million expansion project Aug. 25. The manufacturer of airplane brakes expects to add 46 good-paying jobs to its payroll in the coming months to help meet the growing demand for its carbon braking system for Boeing and Airbus aircraft.
To help convince UTC to add jobs and construct the addition in Pueblo, $1.4 million from Pueblo’s half-cent sales tax fund was committed to the project. Pueblo County tax breaks totaling another $1.4 million and state funds for job training also helped sweeten the local economic development deal.
“It’s a good example of PEDCO, Pueblo County and the state of Colorado really pulling together,” UTC President for Landing Systems Jim Wharton said at the groundbreaking event.
The Pueblo plant, which currently employs about 200, opened in 1987 by B.F. Goodrich to manufacture carbon brakes for aircraft. In 2012, a merger of two companies — Hamilton Sundstrand and Goodrich — created UTC.
As demand for its aircraft brake parts has grown, UTC has been exploring various
Article source: http://www.chieftain.com/opinion/3889405-120/pueblo-utc-tax-cent