Joby Aviation will construct an air taxi manufacturing plant in Ohio.
Joby Aviation, an electric aircraft manufacturer, will invest up to $500 million in a new factory near Dayton, Ohio.
Dayton International Airport's 140-acre site will be the first serial production location.
Joby founder JoeBen Bevirt told Reuters that the company is "driving vigorously" to win Federal Aviation Administration certification
Joby plans to start employing "immediately" to ramp up manufacturing of airplane components at the Dayton site's existing structures.
Bevirt declined to comment on starting production rates or how much financing will be provided immediately to build the Dayton site.
The site could house industrial facilities larger than the Pentagon, support 2,000 people, and produce 500 aircraft per year.
Bevirt said the company is "ramping up the testing team aggressively" to conduct the thousands of tests and evaluations