What did it take for South Carolina to land Boeing's
Rubel said Boeing is soliciting 15 bids from locations interested in landing the new factory.
A key South Carolina lawmaker said he was unaware if that state had sent an incentives proposal to Boeing.
“They know South Carolina has tremendous interest in it,” Senate Finance Chairman Hugh Leatherman, R-Florence, told The (Columbia) State. A spokeswoman for the S.C. Commerce Department would not comment.
South Carolina has given Boeing $570 million in economic incentives since locating a jet manufacturing plant in North Charleston. That includes $120 million awarded this year for an expansion that could add another 2,000 jobs to the company's 6,000 employees in that region.
Now Boeing's looking to grind a thumb in its machinists' union in Washington by asking for proposals to host a new 777 liner plant.
Here's the wish list for that:
Boeing estimates its investment will include up to $6 billion in property improvements and up to $4 billion in machinery and equipment.
However, Boeing wants the states vying for the work to pay a portion of that.
The “company preference is toward a location that will share in the cost of capital expenditures including acquiring site, constructing facility, building infrastructure and procuring equipment/tooling,” the documents state.
Among the “desired incentives” sought by Boeing, the biggest items are these:
• “Site at no cost, or very low cost, to project.”
• “Facilities at no cost, or significantly reduced cost.”
• “Infrastructure improvements provided by the location.”
Additional incentives it lists include:
• Assistance in recruiting, evaluating and training employees.
• A low tax structure, with “corporate income tax, franchise tax, property tax, sales/use tax, business license/gross receipts tax, and excise taxes to be significantly reduced.”
• “Accelerated permitting for site development, facility construction, and environmental permitting.”
Other factors that will be “significant” when Boeing makes its choice early next year include:
• Low overall cost of doing business, “including local wages, utility rates, logistics costs, real estate occupancy costs, construction costs, applicable tax structure obligations.”
• The quality, cost and productivity of the available workforce.
• Predictability of utilities pricing and government regulation.Charlotte, NC is thinking of getting into the race to the bottom.
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