California Aviation Company Planning to Build Flying Cars in Ohio

  • 📰 ClevelandScene
  • ⏱ Reading Time:
  • 51 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 55%

United States News News

United States United States Latest News,United States United States Headlines

Joby has selected Dayton as the site of its new manufacturing facility

A California-based ‘flying car’ company called Joby has selected Dayton as the site for its new $500 million manufacturing facility. Joby says the plant will employ up to 2,000 workers and produce 500 of its vertical take-off planes a year.Joby’s flying cars are a mix of helicopter and plane. It’s six rotors allow it to take off and land vertically, like a helicopter. But once in the air, they pivot forward, like the propellers on a plane.

The company had plenty of business and financial reasons to select Dayton. JobsOhio and the Department of Development for instance, are offering more than $200 million in incentives to bolster Joby’s half billion-dollar investment. According to Joby its total incentive package, including local agreements, could be worth as much as $325 million.

“The Wright brothers made the impossible possible,” Joby founder and CEO JoeBen Bevirt said. “They opened the skies for all of us, and they did it right here in Dayton, the birthplace of aviation.” But DeWine primarily portrayed the deal as another example of the state positioning itself for industries of the future.

Since that Intel announcement Brown has made a habit of describing how Ohio is “burying” its Rust Belt moniker. He described how Joby joins NASA Glenn in Cleveland, the Armstrong Center in Sandusky, and GE’s jet engine production outside Cincinnati as developments that help put Ohio’s manufacturing slump in the past.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 383. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hydrogen-powered aviation company ZeroAvia secures support from major groupsZero emission aviation company ZeroAvia announced on Monday that its latest funding round has been led by major international groups, namely Europe-based global aerospace group Airbus, UK-based multinational banking group Barclays (specifically, Barclays Sustainable Impact Capital), and Saudi Arabian green city development company NEOM. Other groups which participated in the financing round were (in alphabetical order) Alaska Airlines, Amazon Climate Pledge Fund, AP Ventures, Breakthrough Energy Ventures, Ecosystem Integrity Fund, Horizons Ventures, and Summa Equity. “Anybody following the development of hydrogen aviation – and its potential to transform the industry – will see this investment as a positive step,” affirmed ZeroAvia founder and CEO Val Miftakhov.
Source: MiningWeeklyAUS - 🏆 233. / 63 Read more »

Succession Planning: Securing the Future of Your Company's Tax and FinanceLeaders can contribute immensely by sharing their expertise, insights and experiences with their successors.
Source: Newsweek - 🏆 468. / 52 Read more »