According to the Columbus Business Journal, the company contributes $126.2 million in payroll to the local economy. It will receive $2.3 million in tax credits from the state if it follows through on the promised job additions.
The credits will span nine years. They require an additional $12.8 million in new annual payroll inferring average salaries of $83,117 for the new positions.
The agreement requires NetJets to keep a presence in Columbus for a dozen years. According to the report, the Ohio city was competing with Texas.
NetJets had previously flirted with relocating to North Carolina several years ago.
The new positions will include safety, service, IT, maintenance, and operations, along with sales and support functions.
Since then, its aircraft management arm Executive Jet Management, Sentient Jet, and Jet Linx have all suspending jet card sales to new customers.
It’s not yet clear when NetJets will resume sales. It has created a waitlist promising that when the jet card programs reopen, customers can join at the pre-hiatus rates.
The company has said it is adding 100 jets to its fleet by the end of next year and is rapidly recruiting pilots.