Aircraft startup Electra announced plans to invest $850 million to build a factory in Ohio.
Electra to invest $850 million to build Ohio factory
The aircraft startup's investment aims to establish a manufacturing presence in the state.
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Keith Cassill
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The planned manufacturing facility will be located in Springfield, Ohio, where it is set to produce the EL9 hybrid-electric plane and create 1,975 new jobs. While the project was initially reported as an $850 million investment, some sources now suggest the figure is closer to $1 billion.
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