Den expansion SWA is adding 1000 job and sending $75 million at DEN
Nov 21, 2019, 2:52 pm
#1
Original Poster
Join Date: Mar 2010
Location: Denver, Colorado
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Den expansion SWA is adding 1000 job and sending $75 million at DEN
https://www.bizjournals.com/denver/n...ZZdGEifQ%3D%3D
behind pay wall
Southwest airlines is adding 1013 job and spending $75 million in capital construction projects related to gate expansion at DEN
behind pay wall
Southwest airlines is adding 1013 job and spending $75 million in capital construction projects related to gate expansion at DEN
Nov 22, 2019, 10:05 am
#4
Join Date: May 2012
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Nov 22, 2019, 10:27 am
#5
Join Date: Sep 2002
Location: Blue Ridge, GA
Posts: 5,509
It means Denver wins the SWA expansion "sweepstakes" over BNA and HOU.
The Colorado Economic Development Commission awarded Southwest, which applied under the code name Project Garfield, $12.5 million in incentive tax credits. To receive the full incentive, the Dallas-based airline must add 1,013 full-time jobs paying an average annual wage of $128,115. It has eight years to make the hires.
Local economic developers spent months wooing Southwest executives, including visits in Dallas with the company’s top leaders.
Local economic developers spent months wooing Southwest executives, including visits in Dallas with the company’s top leaders.
Nov 22, 2019, 10:40 am
#6
Join Date: May 2002
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Nov 22, 2019, 10:42 am
#7
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Join Date: Mar 2010
Location: Denver, Colorado
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here is the Denver Post article not behind pay wall
https://www.denverpost.com/2019/11/2...ional-airport/
https://www.denverpost.com/2019/11/2...ional-airport/
Nov 22, 2019, 2:12 pm
#10
Join Date: Sep 2009
Location: DEN
Posts: 260
I have no knowledge if it's correct or not, but a few factors to consider: there is an 8 year time horizon (so contracts will be renegotiated), and the added positions will include pilots. In addition, mechanics and even FAs at the top end of their scales can make above that amount. The article also doesn't mention what is included as compensation (e.g. non take-home compensation such as 401k match, profit sharing, other fringe).
SM Disclaimer: These are my opinions, not necessarily those of SWA.
SM Disclaimer: These are my opinions, not necessarily those of SWA.
Nov 22, 2019, 2:48 pm
#11
Join Date: Sep 2002
Location: Blue Ridge, GA
Posts: 5,509
Actually, the article says "[Southwest] must add 1,013 full-time jobs paying an average annual wage of $128,115." Profit sharing, 401(k) match and "other fringe" are not regarded as wages.
“My opinions are my own” and similar magic jargon will not save you. When employers require disclaimers, they are asserting control, which ironically, can give rise to liability.
Nov 22, 2019, 4:10 pm
#13
Join Date: Sep 2002
Location: Blue Ridge, GA
Posts: 5,509
The terms were approved by the Colorado Economic Development Commission. Identical citations appear in multiple articles. It's a matter of public record.
The Colorado Economic Development Commission approved a $12.5 million tax incentive package Thursday for the airline, known as “Project Garfield” in the commission’s documents.
Southwest spokesman Dan Landson confirmed the company received the incentive package.
The firm’s proposed project is estimated to result in $75 million in capital expenditure at DIA, according to OEDIT documents.
The average annual wage of the new positions would be $128,115.
Southwest spokesman Dan Landson confirmed the company received the incentive package.
The firm’s proposed project is estimated to result in $75 million in capital expenditure at DIA, according to OEDIT documents.
The average annual wage of the new positions would be $128,115.
Nov 23, 2019, 8:51 am
#14
Join Date: Aug 2018
Posts: 124
Please forgive my ignorance; but how is STL not a hub? I thought it was. Half of my WN flights have connected through there.