St. Louis County is prepared to offer up to $1.8 billion to Boeing if the company steers production of the 777X aircraft to the county.
The St. Louis County Council unanimously approved a resolution pledging local incentives – including tax increment financing and tax abatement – if Boeing moves production of the civilian aircraft to the the county. St. Louis County Executive Charlie Dooley said the swift action was necessary to meet Tuesday’s deadline for the state to respond to the company’s request for proposal.
Tomorrow is the deadline for states to get their proposals to the Boeing corporation about what kind of incentives they’ll offer to get the aircraft giant to build its next generation jetliner, the 777X, in their backyard.
The state of Missouri has been up front in its desire to woo the manufacturer. Governor Jay Nixon convened a special legislative session to get a proposal off to Boeing.
From the Here & Now Contributors Network, Marshall Griffin of St. Louis Public Radio explains what’s inside.
The Missouri House has passed the Senate version of the Boeing incentives bill, bringing a quickly-called special session of the legislature to a quick close.
The measure would provide roughly $1.7 billion in tax breaks over a 23-year period to Boeing to expand its St. Louis facility and build its 777X passenger jet there. Perhaps the most enthusiastic endorsement on the House floor came from State Representative Steve Lynch (R, Waynesville), who also owns a furniture store.
Mo. House Economic Development Committee chair Anne Zerr (R, St. Charles) holds a list of amendments the Mo. Senate added to the Boeing bill on Wednesday before passing it. Zerr was supportive of the amendments, and the bill passed her committee today.
Every week, St. Louis Public Radio’s Chris McDaniel joins the St. Louis Beacon’s Jo Mannies and Jason Rosenbaum to talk about the week’s politics.
On this week's show, St. Charles County Executive Steve Ehlmann joins us. Ehlmann talks about playing basketball with Governor Jay Nixon (he says he's a better shooter than Nixon, but that the governor "throws his weight around" on the inside).
Governor Jay Nixon (D) has announced an agreement with St. Louis-area labor unions leaders designed to further entice Boeing into awarding its 777X contract to Missouri.
Nixon told reporters during a conference call Tuesday that leaders from three construction union groups have all committed to a 24-hour work schedule with no overtime pay, while constructing the facility where the new passenger jet is to be built.