ALBUQUERQUE (KRQE) – The Albuquerque City Council voted 6-0 Wednesday night to shell out more than $238,000 to help Eclipse Aerospace grow. Three council members, Klarissa Pena, Brad Winter and Dan Lewis, were absent from the meeting.
The company wants to add 100 high-paying jobs over the next few years. To help make that happen, the funding from the city, and $397,000 from the state, will go toward paying for Eclipse’s space at the Sunport so the company could spend more on hiring.
Right now, 175 people are employed at Eclipse, but owners want to add to its workforce as it ramps up production of its new 550 jet.
But, if Eclipse fails to meet its goal, or it goes belly-up within the next 10 years, the company will have to pay penalty payments to the city.
Eclipse’s old owners declared bankruptcy in 2008.