Nixon Signs Incentive Package For Boeing On Deadline Day For Bids

Jay Nixon addresses the crowd at a 2012 event. | Photo courtesy of Creative Commons
Jay Nixon addresses the crowd at a 2012 event. | Photo courtesy of Creative Commons

Missouri Gov. Jay Nixon signed a package of incentives worth $150 million a year for Boeing Co. should it decide to locate production of its 777X commercial jet in Missouri. The incentives total up to $3.5 billion over the next 23 years. That includes $1.7 billion from the state and up to $1.8 billion from St. Louis County.

Boeing plans to invest up to $10 billion in the plant or plants, and it’s asking states to pick up part of the tab, according to the request for proposal. The manufacturing plant would bring billions in new investment and thousands of new advanced manufacturing jobs to the region and throughout the state, according to Nixon’s office.

Labor unions in the region committed to 24-hour work schedule without overtime during construction of Boeing’s facilities. The full production of the plane would bring an estimated 8,000 jobs to St. Louis. A plant for just the wing fabrication and assembly would bring 2,000 jobs. Missouri is competing with roughly 12 other states, and Boeing officials will decide in January where to produce the aircraft.

Read more from the St. Louis Business Journal


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