05 December 2012

Italy-based Italico Aviation to open manufacturing facility at Kissimmee Gateway Airport, Florida

- Kissimmee facility will manufacture light sports aircraft (LSA) 
- Plans to create 55 new positions over the next 4 years 
- More than $3.2 million capital investment 
QTI tax refund with High Impact Sector Bonus of $550,000

05 December 2012 - The City of Kissimmee’s Economic Development Office announced that Italico Aviation, an Italy-based airplane manufacturer, will open a manufacturing facility at the Kissimmee Gateway Airport in January of 2013. This Kissimmee facility will manufacture light sports aircraft (LSA) and plans to create 55 new positions over the next 4 years with more than a $3.2 million capital investment. Of the three large manufacturers of LSAs, Italico Aviation USA will be the only original equipment manufacturer of Lights Sports Aircraft in the United States. The other two manufacturers are both located in other countries (Cessna LSA’s are manufactured in China; Piper LSA’s are manufactured in Czechoslovakia). 

The Kissimmee based headquarters will also be home to their expanding research and development operation and serve as the sales and distribution center for North and South America. 

City of Kissimmee Mayor Jim Swan stated, “We share great pride in Italico’s decision to expand their operation here. It is a testament that Kissimmee and Osceola County are great places for international companies to start, expand and continue to prosper.” 

“We are excited to begin manufacturing in the United States,” said Eros Spinozzi, President of Italico Aviation and Italico Aviation USA. “The Kissimmee location is perfect as it offers us access to everything we need from a great workforce, strategic location, a tremendous customer base and most importantly the Florida sunshine that enables us to showcase our planes year round.” 

Italico’s choice to locate in Florida reflects our ability to help international firms achieve their business goals through the partnerships, resources and talent the state offers,” said Florida Secretary of Commerce Gray Swoope, who serves as president & CEO of Enterprise Florida Inc., the state’s lead economic development organization. 

As the nation’s busiest tourism destination it is no surprise that aviation companies are attracted to Metro Orlando,” said Rick Weddle, President and CEO of the Metro Orlando EDC. “Our low-tax environment, expedited permitting processes and incentives are also attractors for the manufacturing industry.” 

Partners in this project include the State of Florida, Enterprise Florida Inc., Osceola County, the City of Kissimmee and the Metro Orlando Economic Development Commission. Italico Aviation USA received approval from the state, county and city for a Qualified Target Industry (QTI) tax refund with a High Impact Sector Bonus whose total amounts to $550,000. These funds are awarded based on meeting contractual performance requirements including job goals.

Source: City of Kissimmee, FL