Startup Incentives
In an effort to attract the airline to the city, as well as support its growth early on, the city of Columbus, along with the Columbus Regional Airport Authority, had offered incentives totaling over $57 million. These incentives included a twelve-year tax credit, promised airport improvements, business loans, and marketing support. Most of the incentives were performance-based, which required Skybus to create 1000 jobs and complete other milestones to receive the incentives. Incentives such as airport improvements, however, were already completed. When Skybus began operations, they took advantage of $11 million of improvements to their gates in Concourse B at Port Columbus.
Read more about this topic: Skybus Airlines
Famous quotes containing the word incentives:
“Perestroika basically is creating material incentives for the individual. Some of the comrades deny that, but I can’t see it any other way. In that sense human nature kinda goes backwards. It’s a step backwards. You have to realize the people weren’t quite ready for a socialist production system.”
—Gus Hall (b. 1910)