Tribe unveils plan to create $20M aviation facility



Summary:

PLEASANT POINT - The Passamaquoddy Tribe on Thursday unveiled plans to build a $20 million aviation and aerospace maintenance and manufacturing company that they claim could employ upwards of 2,000 people. But before the project can move forward, the tribe will have to create a $400,000 business plan and seek either federal or private funding. Depending on the funding, the tribe would own anywhere between 51 and 100 percent of the business.

Although a business plan has not been completed and the project has not yet been bankrolled, Passamaquoddy Gov. Melvin Francis denied the announcement was premature. "There is a lot of curiosity out in the community and I just wanted to announce some of this stuff that we are doing here," he said.

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