Today, Midway Aircraft Instrument Corporation announced its intent to relocate to Monroe, North Carolina making them the newest aerospace company to call Monroe home. They are joining a seasoned aerospace community, with the highest geographic concentration of aerospace companies in NC. Midway Aircraft Instrument Corporation is the 18th company in a 7-mile radius within Monroe.
“We carefully studied many potential locations for our business. Our decision to relocate to Monroe, North Carolina is due to the favorable business economics, the international airport in nearby Charlotte and the opportunities presented by the growing aviation community there,” said Terry Bacola, president, Midway Aircraft Instrument Corp. “The cost reductions realized from this move will allow us to compete and grow in markets where we previously could not. Both the state and local governments have done a great job in supporting our decision to choose Monroe.”
The company will invest $2.3 million and create 36 jobs with an average annual wage exceeding $50,000.
"Midway Aircraft Instrument Corporation's decision to chose Monroe, demonstrates the strong assets our community possesses for advanced manufacturing," said Chris Platé, Executive Director, Monroe-Union County Economic Development. "Monroe is a manufacturing center of excellence and aerospace is one of those distinct and diverse industry sectors which exist in the community."
The Charlotte Regional Partnership, the NC Department of Commerce and others were key to assisting Monroe-Union County Economic Development locating this project in Monroe.
For more information, please contact the Monroe-Union County Economic Development office at (704) 282-5780.