L2 Aviation, an avionics design, consulting, manufacturing and engineering company, is set to open a $12.2 million facility in Boone County that’s projected to create 250 jobs.
To facilitate growing industry demand, the company will relocate to an existing office, production facility and hangar at the Cincinnati/Northern Kentucky International Airport in Hebron.
In turn, L2 Aviation will be able to increase production, storage and overall operating efficiency. The new facility is set to reach full operational capacity by the end of 2025, according to a press release from the governor’s office.
Kentucky Gov. Andy Beshear touted the company for its decision to open a facility in the Bluegrass State.
“The continued expansion and versatility of Kentucky’s key industries is among our state’s greatest economic strengths,” Beshear said in the release. “Our aviation and aerospace sector has seen tremendous growth in recent years, and this investment from L2 Aviation will not only add to that but, more important, it will bring hundreds of job opportunities to the Northern Kentucky region.
Founded in 1997 in Austin, Texas, L2 Aviation supports a range of aviation modification and certification projects globally and develops FAA Supplemental Type Certificates for commercial aviation, avionics original equipment manufacturers, business aviation, air cargo and military applications.
“We are thrilled to join this thriving community and look forward to contributing to its continued success while advancing our mission to deliver unparalleled aviation solutions,” L2 Aviation’s Chief Operating Officer Tony Bailey said in a press release.
To encourage investment and job growth in the community, the Kentucky Economic Development Finance Authority, or the KEDFA, preliminarily approved a 10-year incentive agreement with the company under the Kentucky Business Investment program.
The performance-based agreement can provide L2 Aviation with up to $3.5 million in tax incentives based on their investment of at least $6.6 million, in addition to hitting specific annual job and wage targets. By meeting its annual targets over the agreement term, the company can be eligible to keep a portion of the new tax revenue it generates.
