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In
August 2009,
Sheboygan
County and Morgan Aircraft
entered into a 50 year airport lease and development
agreement. Sheboygan County began $1.3 million of
infrastructure improvement plan that included grading
for a new taxiway and apron, building an access road,
creating water retention areas, and installing security
fencing and utilities.
In
August 2011, Morgan Aircraft founder Brain Morgan
announced the State of
Wisconsin
had provided the company with working capital loan of $1
millions through a public financing Community
Development Block Grant for Economic Development
(CDBG-ED). "In securing this CDBG-ED loan, Morgan
Aircraft is committing to invest $105 million by2015 for
phase 1 aircraft development, and create 340 new
fulltime positions by December 31, 2015."
“This financial support from the WEDC will be most
helpful in keeping our momentum going, not only in terms
of the project, but to continue to show our new and
growing investor interests that Wisconsin and Sheboygan
County are very serious about supporting new and
existing businesses. I have always been amazed and
blessed by the incredible support Morgan Aircraft has
received from
Sheboygan
County.”
Wisconsin Economic Development Corporation (WEDC) CEO
Paul Jadin said at that time “Morgan Aircraft is the
type of private company on a growth trajectory that will
significantly help create 250,000 jobs in Wisconsin by 2015. The
WEDC is pleased to assist Morgan Aircraft with this
exciting project. I look forward to their long-term
success in Sheboygan County.” Morgan
also announced the company had raised $8 million and it
had “quietly made progress toward completing its
technical validation process and significant engineering
advances in both the airframe and power train
configurations”.
In
2012, the company had signed a “strategic cooperation
agreement” with UK-based Mineseeker to develop a
unmanned aerial vehicle (UAV), “but with none of the
tilting parts which have plagued other such programs in
the past.”
Mineseeker press release - "Wisconsin USA-based Morgan
Aircraft LLC and UK-based Mineseeker Operations
announced today (January 9, 2012) that the two
organizations have signed a strategic co-operation
agreement to jointly develop an unmanned aerial vehicle
(UAV) platform that can, in addition to serving many
other needs, be customized to meet the mission
requirements of Mineseeker Operations."
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