New Market Tax Credit
Arista Aviation is an FAA-certified Part 145 repair station, providing maintenance, repair and overhaul (MRO) services for rotary wing platforms, including airframes and avionics. Founded in 2012 as Alabama Aircraft Support, Arista Aviation has rapidly grown to a world-class and internationally known one-stop shop for military and commercial rotorcraft refurbishment. They specialize in maintaining, repairing, overhauling and modifying a wide variety of helicopter types, regardless of manufacturer utilizing a local and highly skilled workforce who possess FAA Airframe and Powerplant (A&P), and/or FCC licenses. The Company also sells a wide range of helicopter parts and components to customers on a global basis. Arista improves the helicopters capability and reliability while lowering operating costs and extending aircraft service life for customers that include the U.S. government, defense sub-contractors, foreign countries (Friends of the U.S.), state fleets and corporate customers worldwide. Arista was awarded a $120 million contract from the U.S. State Department to overhaul and repair their fleet of Bell helicopters. The project is expected to generate approximately 130 jobs with average salary of over $24/hour in a rural and highly distressed census tract.
KEY NMTC DEMOGRAPHICS:
- Census Tract Number: 01031011000
- Median Income: 83.44% – 2010 Census
- Poverty Rate: 29% – 2010 Census
- Unemployment Rate: 8.70% – 2010 Census
- Location: Non-Metropolitan
- Other Possible designations – HUB Zone Qualified
