The Salt Lake Tribune
Monday, March 31, 2008
A dream slams to earth
Start-up business stories get big play, but dismal endings usually get a small kiss off.

It was a sunny day in 2005 when Utah, beat out competitors nationwide to lure Adam Airc
raft to Ogden with a sweet $10 million economic development tax rebate package. The company, which had played Utah like a Stradavarius, promised to pioneer a new era in commercial aviation that would make the old railroad hub the throbbing center of an aerospace economy.

Colorado-based Adams opened a plant at Ogden's tiny airport that would assemble small business jets. These seven-seat jets, according to a group of far-sighted entrepreneurs, soon would be "as ubiquitous as cell phones," and the backbone of an 'air-taxi" industry.

Gov. Jon Huntsman, Jake Garn and Ogden Mayor Matt Godfrey showed up with stars in their eyes for the christening the aircraft plant that was to hire 300 to 500 skilled workers — just to start.

Adam Aircraft recently has filed for bankruptcy and Ogden's aerospace dream—including the few assembled airplanes, equipment, furniture and patents—will be auctioned off. The closure put more than 700 employees out of work, including just 50 in Utah.

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