Pacific Engineering to Bring 150 Quality Jobs to North Omaha Community in First Airport Business Park Deal

Multi-million-dollar investment marks first business recruited under landmark economic development program.

Omaha, Neb. - Omaha Economic Development Corporation (OEDC) announced that Pacific Engineering, Inc. (PEI) will lease a 150,000-square-foot industrial facility at 5906 Abbott Drive, creating 150 quality jobs and marking the first business under the Airport Business Park program.

This agreement represents the first major business recruitment within the newly formed Omaha Inland Port Authority, signaling early momentum for a long-term strategy to drive private investment and job growth in North Omaha.

PEI is a Lincoln, Nebraska-based designer and manufacturer of advanced composite products for military and commercial applications. The expansion marks growing opportunities for the company into Omaha. Construction is expected to be completed this fall, with operations beginning before the end of the year.

"Pacific Engineering is excited about this expansion in Omaha, strengthening our presence in a key market and positioning us to contribute to the city's next phase of economic development. This move supports our continued growth and creates shared benefits for our business, the community, and the local economy," said Dexter Myers, Senior Vice President of PEI.

Over the next five years, the company expects to hire approximately 150 employees, with an average annual wage of $74,000. PEI aligned with Airport Business Park's intent, entering a 15-year Community Benefits Agreement, outlining hiring, wage, and workforce advancement benchmarks, with priority given to residents of qualifying North Omaha census tracts.

"This project demonstrates exactly what the Airport Business Park was designed to do: unlock private investment, create quality jobs, and deliver real economic opportunity to North Omaha," said Michael Maroney, President and CEO of OEDC.

The Airport Business Park program was created by the Nebraska Legislature in 2022 through the Economic Recovery Act (LB 1024) to spur development in historically underserved areas near Eppley Airfield, building on priorities identified in the North Omaha Recovery Plan.

OEDC officials say additional site development and business recruitment efforts are already underway. The first official business leased under the Airport Business Park grant program is the result of the collaborative partnership of the Omaha Inland Port Authority (OIPA), State of Nebraska government, Omaha Chamber of Commerce and Burlington Capital. To learn more about Airport Business Park, visit oedc.info/airport- business-park.

About Omaha Economic Development Corporation (OEDC)

Established in 1977 as a 501(c)(3) nonprofit Community Development Organization, Omaha Economic Development Corporation's simple idea has led to significant growth and improvement in the communities OEDC serves. OEDC is focused on leveraging resources to achieve positive changes that contribute to the social and economic success of residents, neighborhoods, and businesses in North Omaha and beyond. As an organization, OEDC serves as the developer for its own commercial and residential projects with oversight provided by an independent board of directors. OEDC believes that the root of poverty lies in the political and economic structures that limit equality of opportunity and restrict economic mobility. This belief drives every decision we make and every project we undertake.

About Pacific Engineering Incorporation (PEI)

Pacific Engineering, Inc. (PEI), located in Roca and Omaha, Nebraska, provides high- performance composite systems for commercial and defense applications, specializing in light weight structures and solutions. PEI's expertise lies in designing, developing, and producing advanced composite components engineered for the nation's evolving

needs.

PEI utilizes cutting-edge technologies to produce high-quality components including additive and subtractive manufactured components. With a strong focus on lightweight, non-corrosive, and high-performance composite systems, PEI has established itself as a reliable partner for mission-critical applications.

Because the nation's strategic landscape requires next-generation capabilities, PEI is uniquely positioned to rapidly deliver lightweight, affordable, corrosion-resistant, mature and scalable solutions that meet customers' demanding schedule, production, operational and technical requirements.

PEI will now have manufacturing space across three Nebraska facilities and with their experienced team of engineers, technologists, production specialists, to support programs that require innovation under compressed timelines. PEI's manufacturing capabilities include filament winding, resin transfer molding, 5-axis gantry milling, CNC machining, testing, water jet cutting, 3D printing, and high-temperature autoclave curing, supporting both additive and subtractive manufacturing.