RALEIGH, N.C. (WNCT) - LGM Enterprises, LLC., an aviation company that operates the Fly Exclusive jet charter service, will create 145 jobs and launch a company to paint and refurbish aircraft at the North Carolina Global TransPark, Governor Roy Cooper announced today.
The project brings an investment of $10.5 million to Lenoir County.
“The jobs and investment LGM Enterprises brings to Lenoir County will put more money in people’s pockets and help eastern North Carolina’s economy prosper,” Governor Cooper said. “Aviation and aerospace are one of North Carolina’s core industry sectors, and the Global TransPark is an important hub for this industry in our state.”
The North Carolina Department of Commerce, the Economic Development Partnership of N.C. (EDPNC), and the North Carolina Global TransPark Authority led the state’s support for the company’s expansion.
LGM Enterprises will add a variety of positions with this expansion, including pilots, painting technicians, and aircraft maintenance personnel.
Jetstream, a new wholly-owned subsidiary of LGM, will operate a state-of-the-art electrostatic paint and coating facility at the Global TransPark.
The facility will add important new capabilities to the Global TransPark.
Approximately 10 companies and private investors worked to raise the money.
"The real key for the Global Transpark is how you pitch the assets that are special here in eastern North Carolina," said Allen Thomas, Global Transpark Executive Director. "What is of value in a proposition? That's ultimately what sold this company."
The owner-founder of LGM Enterprises, Jim Segrave, is hoping to break ground in the next 30 days at Global TransPark.
They have 37 airplanes in the fleet and anticipate having 50 by next year.
"With high utilization of those airplanes they have to be refurbished regularly," said Segrave. "Every three to four years. So, with 50 airplanes every four years you're doing one to one in a half a month."
Salaries for the new positions will average $59,245, which is higher than the current Lenoir County average wage of $35,543.
New Global Transpark board member Kinston Mayor Don Hardy expressed his excitement over the deal as forward movement for the county.
"With the Global Transpark, this is a wake up call for those that thought we weren't heading in a forward direction," said Mayor Hardy.
LGM Enterprises’ expansion in Lenoir County will be facilitated, in part, by a Job Development Investment Grant (JDIG) approved by the state’s Economic Investment Committee earlier today.