Indiana business officials say a multi-million dollar project is set to begin this month that will see an airline painting contractor open its doors by 2013 creating 200 new jobs.
The new project is the renovation of a hangar at Grissom Aeroplex near Peru, Indiana.
‘The $13.8 million project will accommodate Texas-based Dean Baldwin Painting LP. The hangar will be expanded by 50,000 square feet so it can house massive airplanes like the Boeing 747, which Dean Baldwin paints and services.
Company CEO Barbara Baldwin said she anticipates the facility will create about 200 jobs with a $6 million payroll in 2013.
The expansion project will be funded by a $7.2 million loan from the U.S. Department of Agriculture, state loans totaling $5.1 million and more than $1 million in funding from Miami County.’
Baldwin says major airlines have been waiting for Dean Baldwin to open and that the operation expects to paint 200 planes a year.
Dean Baldwin has signed a 30-year lease for the hangar. They also have facilities in New Mexico and Texas.