Authorize a Chapter 380 Economic Development Grant Agreement in an amount not to exceed $500,000.00 with HAECO Global Engine Support, LLC and/or its affiliate in consideration of a new aviation engine repair facility to be located at 11124 Goodnight Lane, Dallas, Texas 75229 including requirements for (a) the relocation and/or creation of 170 full-time jobs to the city of Dallas subject to a minimum 25% local hiring requirement; and (b) required minimum private investment of $17.5 million, in accordance with the City of Dallas Economic Development Incentive Policy - Not to exceed $500,000.00 - Financing: Public/Private Partnership Fund

What this record is

Held by

HAECO Global Engine Support, LLC 2 records across this site

Amount

$500K

Runs until

Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗

Type

contract

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Read automatically from the title of the official record. The source document below is authoritative.

HAECO Global Engine Support, LLC also holds

Upcoming Agenda Item: Authorize a Chapter 380 economic development grant agreement in an amount not to exceed $500,000 with HAECO Global Engine Suppor… $500K Dallas, TX

Committee

Office of Economic Development

Requested by

Office of Economic Development (ECO)

Introduced

November 19, 2024

On agenda

December 11, 2024

Enactment no.

24-1810; APPROVED

Where it was heard

City Council Dec 11, 2024

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