KINSTON, N.C. (AP) — The Global TransPark in eastern North Carolina will be home to 475 additional jobs with the combination jetport and industrial park landing an aircraft recycling operation, Gov. Roy Cooper announced on Thursday.

• Aircraft Solutions USA to invest nearly $100 million in two-phase expansion
• Will bring 475 new jobs to the area
• Recycling center will remove parts from commercial planes at the end of their service life and evaluate them for future use 

Aircraft Solutions USA plans to invest nearly $100 million in a two-phase expansion at the TransPark, Cooper’s office said in a news release. The recycling center will remove parts from commercial planes at the end of their service life and evaluate them for future use. The Florida-based company also will build a paint shop.

The company could receive up to $4.8 million over 12 years from the state it if reaches employment and investment goals. The incentives agreement was approved earlier Thursday by a special state committee.

The average wage of just over $47,000 for the new jobs is $10,000 above the average in Lenoir County, where the TransPark began in the early 1990s as an economic development tool for rural eastern North Carolina. Over a dozen commercial and government ventures now work at the TransPark, including Spirit Aerosystems, an airplane parts manufacturer.

“This new investment will add to the growing relevance of the Global TransPark and Lenoir County to aviation companies,” state Commerce Secretary Tony Copeland said in the release.