Monroe Provides Incentive Payment to Collins Aerospace

The City of Monroe presented an economic development incentive check to Collins Aerospace on July 7, 2025, at the company’s Monroe facility. 

Mayor Robert Burns, City Manager Mark Watson, Assistant City Manager Lisa Hollowell, Assistant City Manager Jeff Wells, and Strategic Projects Manager Teresa Campo met with General Manager Haywood Stowe III and Site Finance Controller Kaitlyn Diefenderfer to present the incentive check and tour the plant.

“Incentives like this are part of our long-term vision for Monroe’s economic vitality,” said Manager Watson. “We are proud to support strong local employers like Collins, and we’re committed to helping them grow right here in our City.”

Under its economic development agreement with the City, Collins Aerospace is committed to investing up to $100 million over a nine-year period in its Monroe facility for additional equipment, machinery, and related property. Collins invested $26 million, qualifying them for the economic incentive payment. As with all incentive grant agreements, Collins provided documentation of compliance with all terms of the original agreement, including an updated tax valuation of the property.

“This is a win-win for the City, its residents, and tax-payers," said Mayor Robert Burns. “The additional tax revenue from Collins’ significant investment helps fund essential City services, including police, fire, infrastructure, and more. It’s a positive outcome for residents and taxpayers alike.”

“Monroe is competing not just regionally, but globally,” said Campo. “Economic incentives are a tool used by communities across the country and around the world to attract and retain high-quality companies. Collins Aerospace is a valued partner, and we’re grateful for their continued investment in Monroe.”

Collins Aerospace's current economic development agreement will expire on January 1, 2030.