Collins Aerospace to Boost North Texas Economy with Major Expansion in RichardsonRichardson, TX - In a significant move for the North Texas economy, Governor Greg Abbott announced today that Collins Aerospace, a division of RTX, will expand its manufacturing and research and development operations i...

Collins Aerospace to Boost North Texas Economy with Major Expansion in Richardson

Richardson, TX -

In a significant move for the North Texas economy, Governor Greg Abbott announced today that Collins Aerospace, a division of RTX, will expand its manufacturing and research and development operations in Richardson. This expansion promises to create over 570 new jobs and inject more than $57 million in capital investment into the local economy, thanks in part to a substantial Texas Enterprise Fund (TEF) grant of $3,718,000.

Economic Impact

"Texas is ranked as the No. 1 state for attracting aerospace manufacturing," Governor Abbott remarked. "This $57 million investment by Collins Aerospace will not only create more than 570 good-paying jobs for hardworking Texans but also deliver innovative solutions right here in Texas. By partnering with industry leaders, we will ensure Texas remains the hub for aerospace, aviation, and defense for generations to come."

Community and Industry Support

Collins Aerospace Vice President and General Manager for Strategic Solutions, Philippe Limondin, expressed gratitude for the support: "The state’s commitment to aerospace and defense is key to our continued success. The support from the State of Texas and the City of Richardson made the decision to expand our footprint an easy one."

Local and State Reactions

State Representative Angie Chen Button celebrated the announcement, saying, "The Collins Aerospace expansion is a big win for Richardson and North Texas. These high-wage, high-skill jobs will boost our economy and create real opportunities for local families. I'm proud to support policies that bring innovative companies to Texas and create an environment for them to thrive and grow."

Senator Bob Hall echoed these sentiments: "With over 570 new high-skilled jobs and a $57 million investment, this project reinforces our area’s leadership in aerospace innovation and advanced manufacturing."

Future Prospects

Richardson City Manager Don Magner highlighted the strategic importance of this expansion: "Collins Aerospace’s decision to expand operations in Richardson is a powerful testament to the strength of our business environment and the talent pipeline that supports it. This expansion aligns with Richardson’s economic development strategy to enhance the strength of our established business clusters, and we’re proud Collins Aerospace continues to see Richardson as a place to call home."

Conclusion

The expansion of Collins Aerospace is set to significantly bolster Richardson's economic landscape and reaffirm North Texas's position as a leader in aerospace and defense. As the region continues to attract major industry players, the infrastructure and job market are expected to experience substantial growth. For more information about Collins Aerospace, visit their website.

TEF is a performance-based grant awarded to business relocation or expansion projects competing with out-of-state locations, aimed at creating new, good-paying jobs and attracting significant new capital investment to Texas.