Is Adam Air set to land in Ogden?

"The A700 will deliver jet performance and reliability at a fraction of the cost of today's business jets," the Web site states. "With an advanced carbon composite airframe design and highly efficient Williams FJ33 turbofan engines, the A700 is a collaboration of industry leading technologies. Low operating costs, comfortable six-place seating, an aft lavatory and state-of-the-art avionics make the A700 a natural choice for customers considering jet ownership."

The new aircraft plant will be at the south end of the airport on Kemp Development property. Attempts to contact Bryce Gibby, project manager for Kemp Development, on Tuesday were unsuccessful.

Adam Aircraft has more than 80,000 square feet of office and manufacturing space in Englewood and 22,000 square feet of manufacturing and testing space in Pueblo, Colo. The company has about 300 workers.

The financial incentive offered to Adam Aircraft by the state is in the form of a rebate of a percentage of tax revenue generated by the company over 15 years, to a maximum of 30 percent over the life of the project. To get the rebate the company would have to keep operations in Utah at least 15 years. Last spring state officials estimated the rebate could be $10 million net in present value but that the plant's gross benefits to state coffers could be about $100 million.

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E-mail: bwallace@desnews.com