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Commissioners approve tax breaks for high-end Helena aerospace manufacturing firm, Summit Aeronautics.

January 11, 2008 /

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City and county commissioners this week approved $894,500 in tax abatements over the next decade for a high-end Helena aerospace manufacturing firm.

Summit Aeronautics http://www.summitaero.com/ has invested about $9.8 million in new equipment, and BHAM Development — which owns Summit’s property near the Helena Regional Airport — is expanding the property in a $4.3 million building project.

Summit officials have said the investments will produce about 50 new jobs in Helena over the next five years, with salaries averaging $38,832.

City commissioners approved the abatements Monday night, and county commissioners gave their green light Thursday morning.

By LARRY KLINE – Independent Record

Full Story: http://www.helenair.com/articles/2008/01/11/local/100lo_080111_abatement.txt

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