Rockwell Collins, a manufacturer of aerospace equipment, is flying higher than ever, anticipating growth spurred by its continued success in winning government programs and commercial aviation contracts. As part of its effort to accommodate this growth, the company announced that it plans two expansions near its existing Iowa-based locations. In fact, both sites are near its <?xml:namespace prefix = st1 ns = urn:schemas-microsoft-com:office:smarttags /?>
In total, the two expansions represent a $37 million investment and will create as many as 585 jobs. In most cases, the hourly wage for these jobs will exceed $30 per hour.
One of the sites will be at a former store, K’s Merchandise, which has stood empty for more than a year. Once this site has been renovated in a project costing about $13.7 million, it will house 310 employees. The other site, which represents a $23 million investment, will involve the construction of a facility covering about 150,000 square feet. Although this building will be able to accommodate 600 employees, immediate plans allow for only 275.
Instrumental in these expansions are tax benefits through