DeltaHawk Receives Development Loan

The Racine, Wisconsin, City Council recently approved a $1.2 million low-interest loan for DeltaHawk Engines, Inc., which plans to manufacture a family of two- to 12-cylinder diesel engines for general aviation. After many years of research, Delta Hawk is excited about the next chapter in its development, the company says.

The loan will be provided in $400,000 increments over three years, and is tied to facility improvements on DeltaHawk’s future manufacturing plant in Racine.

“We’re excited that the city of Racine has taken the initiative to help us grow our operation and create new jobs in the community,” said Dennis Webb, president of DeltaHawk. “The financial support of the City of Racine, Racine County, Racine County Economic Development Corporation and the State of Wisconsin puts us on the path to be a global leader in the development and manufacturing of diesel engines for the aviation industry.”

This announcement comes on the heels of the State of Wisconsin’s decision to invest in the company through the Wisconsin Department of Commerce by providing a $720,000 low-interest loan.

As it expands operations and ramps up manufacturing, DeltaHawk expects to create more than 100 jobs over the next three years.

For more information, visit www.deltahawkengines.com.

KITPLANES Editor Mary Bernard began her career in aviation journalism in 1998 and has worked in publishing for more than 15 years.

4 Replies to “DeltaHawk Receives Development Loan”

  1. I love aviation and feel that we desperately need alternatives to 100LL. I hope diesel will become a viable alternative, and I hope that DeltaHawk will be successful.

    However, I do not believe that government should be making loans to private industry. There are capital markets where companies can go to borrow money. Private investors will choose to invest in a promising product. I do not believe the taxpayers of Racine, WI should be forced to invest in a private company.

  2. Obviously, the city will profit by making interest, but the real reason is future taxes the company will generate for the city after a successful expansion. A win-win scenario for both sides.

  3. I am very interested in working for Delta Hawk. Can you give me information on where to go to apply for the Racine Area? No one seems to know here. Any help you could give me would be greatly appreatiated. Thank you in advance.

    Denyse Cooper, Racine , Wis
    kathymevis@yahoo.com

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.