Electra Plans $850 Million Springfield Aircraft Plant

The company will build a major manufacturing facility in Clark County to produce its hybrid-electric aircraft.

Updated on Oct. 28, 2026 in Jobs — General

Bold flat-color editorial illustration of a modern industrial warehouse structure, reflecting large-scale aviation manufacturing investment. — Electra will build an $850 million manufacturing facility in Springfield, Clark County, to produce its new hybrid-electric EL9 Ultra Short aircraft. AI Illustration. Upload story photo >

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Electra is investing $850 million to construct a 1 million-square-foot manufacturing plant in Springfield. The facility will produce the EL9 Ultra Short hybrid-electric aircraft and is expected to create 1,975 new jobs.

Why it matters

This project represents a significant economic expansion for Clark County as the region prepares to host Electra's corporate leadership. The investment includes $680 million dedicated to construction and fixtures, with an additional $170 million allocated for equipment.

The new facility spans 87 acres at the National Advanced Air Mobility Center of Excellence. Local tax structures include a 30-year property tax exemption for the company, while local school and career centers will receive 25% of the real property tax revenue.

The players

Electra

An aviation company that is establishing a manufacturing hub in Ohio to produce hybrid-electric aircraft.

Greenon Local School District

A local educational entity that is slated to receive a portion of real property tax revenue from the new facility.

Clark County Career Center

A regional vocational training institution designated as a recipient of tax revenue generated by the project.

The details

The plant will manufacture the nine-passenger EL9 Ultra Short, a hybrid-electric aircraft designed for specialized operations. Springfield officials have approved a 7-year employment incentive agreement, while the city will share 50% of taxes generated in the industrial district.

October 28, 2026: Officials and leaders celebrated the announced Electra investment.
7 years: Duration of the city's employment incentive agreement.
30 years: Duration of the property tax exemption for the facility.

Market Landscape

This project follows the fiscal framework set by the local Joint Economic Development District to distribute industrial tax revenue. The development positions Springfield as a burgeoning hub for hybrid-electric aviation, intensifying the competition among regional aerospace manufacturing sites.

The arrival of nearly 2,000 new jobs is expected to significantly stimulate the local economy through increased payroll and service demand. Residents can anticipate long-term fiscal changes as the city and school districts begin receiving the mandated shares of property tax revenue.

The takeaway

This $850 million investment highlights a shift toward hybrid-electric aviation manufacturing in the Midwest. Local stakeholders should monitor the hiring timeline to understand when these job opportunities will become available to the public.