The Indian River County Commission this morning unanimously approved the latest $32 million incentive package to keep Piper Aircraft Inc. in Vero Beach. The commissioners took less than an hour to vote 4-0 on the issue. Vice Chairman Wesley Davis had an emergency and was absent from the meeting, but in past interviews he voiced support in retaining Piper.
The package includes cash up front to keep its facilities near the Vero Beach Municipal Airport.
Two top Piper officials – Piper’s President Jim Bass and Vice President of Human Resources Steve Johnston – were in attendance during the 9 a.m. meeting in the County Commission chambers.
County Administrator Joe Baird last week said the package would probably include $4 million up front, $4 million in December 2008 and $4 million in December 2009. Details of the new proposed package will be released later today, Baird said.
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