May 31. UPDATE. FlyRight Inc., a professional flight school, will move from the West Winds Business Park in Concord to a new 40,000 square foot facility in Concord Airport Business Park Phase II. The expansion, in a spec project that was developed by The Silverman Group, will add 10 new jobs. President Matt Hapgood said FlyRight plans to begin training in the new 40,000-square-foot space in September.

Cabarrus Economic Development said the move will take place after a second floor in the building is completed. The company has 22 full-time employees with an average annual wage of $60,000.

The estimated investment in the FlyRight project is $5 million, half of which qualifies for grants approved by the City of Concord and Cabarrus County, according to the EDC. Stephen Morris, chairman of the Cabarrus County Commission,  could not be reached for comment around details, but in Concord, the total value of a three-year economic incentive is $30,600.

The City will collect an estimated additional $36,000 over three years in property taxes thanks to the project’s investment.  Less the grant value, this leaves a net revenue gain of $5,400 over three years.

FlyRight was founded by Jim Crawford and Hapgood, who have more than  40 years of combined flying experience. The company offers a variety of training programs for the King Air 90, 100, 200 and 300/350 series.

FlyRight’s new facility will accommodate seven full-motion simulators, multiple classrooms and administrative office space. The FlyRight project was facilitated by LeeAnn Nixon, EDC’s existing industry specialist.

In a press release, Morris said: “We first supported FlyRight’s economic investment in Cabarrus back in 2008 and this new opportunity demonstrates it was a good decision.”