BusinessTuesday, November 3
Akron-Canton Airport broke ground Monday on a $6.7 million apron and hangar project
The Daily Akron team
If you fly out of CAK, there's new work on the airport's grounds. The airport broke ground Monday on a $6.7 million project that adds an aircraft apron and, the Akron Beacon Journal reports, a new hangar.
Most of the money comes from the state: $3.2 million from Ohio's one-time strategic fund and $2 million from the Ohio Department of Natural Resources.
Ohio's one-time strategic fund is the biggest piece of the $6.7 million
Source: Canton Repository
View as table
| Value | |
|---|---|
| State strategic fund | $3.2M |
| Natural Resources | $2M |
| Timken Foundation | $867.4K |
| Green and Aqua Ohio | $415K |
| Transportation | $250K |
- Where: airport's west side, in Green (Summit County)
- Hangar: market-rate space, plus room for educational programs
- New jobs: more than 50 full-time, the Repository reports
- New jobs: as many as 50, the Beacon Journal reports
“By building the infrastructure aviation businesses need, we can open the door to new private investment, good jobs and educational opportunities,” President and CEO Ren Camacho said in a statement.
$20 millionin private investment the project could help attract, at most
The airport expects the new infrastructure to help attract up to that much.
Source: Canton Repository
Sources: Canton Repository, Akron Beacon Journal