Our take: Recent announcement by Boom Supersonic and Marshall Aerospace will bring significant job, population, and retail growth to nearby Greensboro, Kernersville, and High Point.
The Piedmont Triad International (PTI) Aerospace Center, located at the Piedmont Triad International Airport in Greensboro, North Carolina, has evolved into a significant hub for aerospace manufacturing, maintenance, and repair. This development has spurred economic growth and job creation in the region.
Development History:
- 1940s: Established during World War II, the airport served as a hub for the U.S. Army Air Corps, facilitating pilot training and aircraft maintenance. Fly From Pti
- 1993: Cessna Aircraft Company, a Textron Inc. subsidiary, opened its Greensboro Citation Service Center, a 137,300-square-foot facility that became one of the busiest in the company’s network. Landatpti
- 2006: Honda Aircraft Company established its world headquarters at PTI, constructing manufacturing, research, and maintenance facilities for the innovative HondaJet, a light business jet. Landatpti
Impact on Surrounding Areas:
The development of the PTI Aerospace Center has significantly impacted several cities and counties in the region:
- Guilford County: As the host county, Guilford has experienced substantial job creation and economic activity.
- City of Greensboro: Located nearby, Greensboro has benefited from job opportunities and business expansion due to its proximity to the aerospace center.
- Neighboring Counties: Counties such as Forsyth and Alamance have also seen economic benefits due to their proximity to PTI.
Company Announcements and Agreements:
- Boom Supersonic (2022): In January 2022, Boom Supersonic announced plans to build its Overture Superfactory at PTI, investing over $500 million and creating more than 1,700 jobs by 2030. The facility will manufacture and test the Overture supersonic airliner. Fly From Pti
- Marshall Aerospace (2023): In May 2023, UK-based Marshall Aerospace announced it would invest $50 million to build a C-130 maintenance facility at PTI, creating 240 jobs. The facility will support the U.S. Armed Forces’ fleet of Hercules C-130 tactical transport aircraft. WXII 12 News
Recent Developments:
- Boom Supersonic Facility Completion (2024): In June 2024, PTI celebrated the completion of Boom Supersonic’s Overture Superfactory, positioning North Carolina for continued leadership in aerospace manufacturing. Rhino Times
The strategic development of the PTI Aerospace Center underscores North Carolina’s commitment to fostering economic growth through industrial expansion. The site’s readiness and significant investments by companies like Boom Supersonic and Marshall Aerospace are set to transform the economic landscape of Guilford County and its neighboring regions.
Phil is a graduate of the University of Northern Colorado and has been active in the commercial real estate and property management business for over 30 years. He holds the prestigious Certified Property Manager designation (CPM) awarded by the Institute of Real Estate Management and is a Licensed Real Estate Broker in North Carolina, South Carolina, Virginia, Tennessee, and Texas. Phil is a member of the International Council of Shopping Centers (ICSC), Institute of Real Estate Management (IREM) and the National Association of Realtors (NAR). Phil is Broker in Charge of our Winston-Salem office and oversees property management and leasing activities. He also provides advisory services to select buyer and tenant representation clients as well as identifies potential investment and development properties.