Locally based NetJets plans to expand its current 192,554-sffacility here by 415,000 sf in a $73 million project, while sistercompany FlightSafety International, also owned by Warren Buffett'sOmaha-based firm, will build a new 100,000-sf facility next to theNetJets headquarters on Bridgeway Avenue, close to the PortColumbus International Airport, for $122.5 million.

In total, when combined with the city, county and ColumbusRegional Airport Authority, incentives offered to the two firms inworkforce development job credits, tax abatements, siteimprovements loans and marketing comes to almost $100 million.

The Ohio Tax Credit Authority recently granted a 75% credit for15 years to FlightSafety, with a value of $2.4 million over theterm, as long as the company remains on the site for 30 years. Theflight training company will build its new facility with most ofthe cost going toward new simulators, says a company spokeswoman.Once completed, the company's property will be the largest flighttraining facility in the world, claims the firm. "By co-locating inColumbus, there will be greater synergy when we have our pilotstrain in a centralized flight academy adjacent to our operationscenter," the spokeswoman tells GlobeSt.com.