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April 24, 2008

Cessna gets state help in Kansas

Kansas Gov. Kathleen Sebelius signed a bill to allow the state to issue up to $33 million in bonds to help Cessna Aircraft expand its Wichita plant.

Cessna is owned by Providence-based Textron

The expansion will allow Cessna to manufacture its new Citation Columbus business jet in Kansas. The company expects to increase its annual payroll to about $74 million and add 1,000 new jobs.

Under the new law, the bonds will be repaid from the withholding taxes Cessna collects from its new employees.

Posted by John Kostrzewa  at 7:48 AM | Permalink

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