Missouri Senate Committee Approves Incentives To Lure Boeing Plant

The dome of the State Capitol Building in Jefferson City | Photo by Nicole Lunger
Legislators are gathered at the state capitol for a special session regarding incentives for Boeing. | Photo by Nicole Lunger

A Missouri Senate committee voted 8-2 to endorse the state’s plan to offer up to $1.7 billion in state incentives to lure Boeing’s airliner production plant to St. Louis County, and the full Senate planned to debate the bill today.

Gov. Jay Nixon called the Missouri Legislature into special session to consider the package, which is due to Boeing next week. Missouri is among about 15 states vying to be the home of production for Boeing’s new 777X commercial jet.

Witnesses at a two-hour hearing repeatedly characterized the incentive package as a no-lose proposition for the state because Missouri wouldn’t offer the tax subsidies unless jobs were created. Winning the assembly plant could generate as many as 8,000 full-time jobs, Nixon has said. St. Louis Mayor Francis Slay said spinoff benefits would flow to suppliers across the state.

Read more from the St. Louis Post-Dispatch

Tags:, , , , , , , , , , ,

Have you heard?

Missouri Business Alert is participating in CoMoGives2019!

Find out how we plan to use your gift to enhance training and programming for our students

Learn more