CEDAR CITY – Cedar City has received national recognition by being awarded the Corporate Investment and Community Impact award and project of the year for landing MSC Aerospace and more specifically Syberjet establishing headquarters in the area.
MSC is an aerospace holding company that provides shared and collaborative administrative support functions for its three wholly-owned operating subsidiaries: Metalcraft Technologies, SyberJet Aircraft and Cedar Building Associates.
The Syberjet operations in Cedar City received Trade and Industry Development magazine’s Corporate Investment and Community Impact award, or CiCi, and Area Development magazine’s Golden Shovel award for project of the year.
“It’s a big deal for Cedar City if you really think about it,” Cedar City’s Director of Economic Development Brennan Wood said. “There’s not a lot of projects that you land that gains regional and national publicity.”
Both awards recognize high-value investment projects for economic development. The project is estimated to bring in 1,200 jobs over a 15 year period. Syberjet could have a large impact in the community seeing as the project did qualify for tax incentives.
In order to qualify for incentives in the Cedar City area an organization has to create at least 25 jobs and pay 25 percent higher than the county’s average wage.
The project was announced just over a year ago. The headquarters will feature a 30,000-square-foot completion and delivery center, groundbreaking for which took place in May.
To receive these awards is not only exciting for Syberjet but for Cedar City and the economic development opportunities in the community, Cedar City Mayor Maile Wilson said.
“Along with showing the quality of an industry and company and reputation that Syberjet has, it also demonstrates that here in our community we can support these types of businesses and industries,” Wilson said. “We have the resources and personnel that they will be looking for.”
The awards show verification and confidence in the program, said Mark Fairchild, general manager and director of marketing sales and customer service for Syberjet. It also shows the ability for Cedar City and Iron County to put together good economic programs in order to maximize jobs and pay.
“I think it’s going to increase the awareness of not just Cedar City but kind of southwest Utah in general, “ Fairchild said, “with the people that will be coming in; and the company will bring the exposure to Cedar City, maybe in a different way then it has gotten in the past.”
The national recognition to Cedar City could pave the way for future economic development projects.
People have the chance to read about Cedar City who would have never heard of it, Wood said. Organizations are able to see the possibilities for economic development in Cedar City.
What site selectors, real estate developers and third party consultants recognize, Wood said, is that if a project of that size is successful in Cedar City then other larger projects can also strive in the area.
“When you’re able to say we’ve landed companies such as GAF, MSC Aerospace, Genpak, all of these companies have expanded in Cedar City,” Wood said, “and one project in particular has won Trade and Industry Development magazines CiCi award, Area Development project of the year, it instantly gives us credibility in landing additional and new projects.”
Related posts
- Cedar City Council discusses airport improvements, welcomes Grifols
- Maile Wilson swears in as Cedar City mayor
- SyberJet accepts tax incentives, headquarters in Cedar City; 1,200 new jobs – 2013
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