ICON Aircraft, a Los Angeles-based manufacturer of light sport aircraft, announced that it will move to Vacaville next year, creating "hundreds, and eventually thousands, of advanced manufacturing-related jobs," according to an independent study cited by the company.

The firm said it will begin operating in a 140,000-square-foot facility adjacent to Nut Tree Airport in the first quarter of 2015. The company intends to consolidate aircraft manufacturing, sales, training, service and its corporate headquarters at the new location. According to its research, the move could eventually have a regional financial impact of more than $350 million annually.

ICON said the move follows a nationwide search of relocation sites.

"The selection of Vacaville as ICON's new home is a major milestone for the company and a significant economic win for the residents of the region," said Kirk Hawkins, ICON's founder and CEO. Hawkins said the relocation was due to "proactive, tireless" efforts of officials with Nut Tree Airport, the city of Vacaville, Solano County and the Governor's Office of Business and Economic Development.