Missouri incentives to Boeing could total $1.7B

Missouri incentives to Boeing could total $1.7B

Credit: KING

Missouri incentives to Boeing could total $1.7B

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by Associated Press

NWCN.com

Posted on December 3, 2013 at 3:21 PM

JEFFERSON CITY, Mo. -- New details about Missouri’s bid for a Boeing assembly plant show the state could offer more than $1.7 billion of incentives over two decades.

Gov. Jay Nixon’s office released details about the incentives Tuesday to The Associated Press as lawmakers prepared to hear testimony about it in a special session.

Nixon also said a new agreement among St. Louis labor councils could help Missouri compete for the Boeing 777X airplane.

Boeing solicited proposals to build its next-generation commercial aircraft after union members in Washington state rejected a proposed contract that sought concessions.

Missouri’s potential package of incentives is based on the jobs created. If Boeing adds 2,000 jobs, the incentives could total up to $435 million by 2040. If Boeing adds 8,000 jobs, the incentives could total $1.74 billion.

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