Lawmakers approve bid to attract Boeing to Missouri
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Last week, Missouri lawmakers approved a package of tax credits aimed at attracting a new Boeing facility to the state. Missouri is just one of a little over a dozen states competing to house the new production site of Boeing’s Triple 777x airliner. The company is considering its options following a labor dispute with a machinists union in Washington state.
Missouri’s bid offers the company up to $1.7 billion over 23 years, with the exact amount depending on the number of jobs created. The state is also offering assistance with job training and a pledge from union groups to work around the clock without overtime to build the facility as quickly as possible. Gov. Nixon is widely expected to sign the bill before Boeing’s deadline Tuesday. The company is expected to announce a decision early next year.
This week on Intersection, we’ll take a closer look at Missouri’s offer and talk about ways the state could best attract business in the future.