WEDC has provided $4 million in loans to the firm, with the city of Superior contributing another $2.4 million in loans. In addition, Kestrel is certified to receive up to $18 million in enterprise zone tax credits from WEDC, and $30 million in federal New Market Tax Credits from the Wisconsin Housing and Economic Development Authority (WHEDA).

No dollar figure has been attached to the new foreign investor but Klapmeier downplayed the amount of money. Kestrel is looking to develop a 6- to 8-passenger carbon fiber plane Klapmeier says will be the fastest single-engine turboprop aircraft on the market.

"It's positive news for the company, but it's not big news,” he told the Bangor paper.

In the Bangor report, Klapmeier also says it’s now unclear how much of the project the company will do in Maine and how much will happen in Wisconsin.

Klapmeier — who with his brother and fellow Wisconsin native Dale had founded the successful Cirrus aircraft company in Duluth — did not say how many employees were now at the Brunswick location, only that it’s "more than there were last week."