WICHITA FALLS, Texas (KAUZ) | Tanner Deleon

Almost $3 million of expenditures was approved by Wichita Falls City Council for a performance incentive for Pratt and Whitney Aerospace.

This will give them the opportunity to expand and grow their business by creating 30 new jobs at Pratt and Whitney Aerospace and generating $2.5 million in annual new payroll.

This is a multi-step process that will take a while to complete. The expansion will include a brand new product line in their existing facility, so they went to the Wichita Falls Economic Development Corporation asking for a forgivable loan. They received then the loan after getting approval from city council. Officials said this will have a huge impact on the local economy.

“By supporting these primary job creators like Pratt and Whitney or other manufacturers in Wichita Falls, it grows our economic base because you have more jobs, higher wages, more benefits, which brings up the expendable income that we have in Wichita Falls,” Taylor Davis, director of business retention and expansion for the Wichita Falls Chamber of Commerce, said.

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