South Carolina Incentive Package Could See Boeing Invest An Additional $1 Billion for IT Center, Manufacturing Jobs
04/10/2013
Half the new jobs will be created for a proposed IT center of excellence the company plans to establish in North Charleston, South Carolina, while the rest will be allocated for production or engineering jobs.
Boeing and South Carolina’s partnership continues to grow and prosper with Boeing’s announcement of its “Phase II” expansion that will double the site’s current footprint. Conservative estimates by Boeing anticipate this expansion will add at least 2,000 new jobs and commits to an additional private investment well exceeding $1 billion, Harrell said.
“That is why today, State Senator Hugh Leatherman and I are introducing companion legislation in the House and Senate that will fund in part the core state infrastructure development to make these 2,000 new jobs and additional billion dollars in private investment possible. At the time of its introduction, the House bill already had wide bipartisan support with over 40 co-sponsors,” Harrell said. The legislation would raise $120 million in bonds to provide Boeing with an incentive package for its expansion.
The House Speaker said in 2009, Boeing committed to investing $750 million and creating 3,800 new jobs in our state. Boeing met those commitments four years early and now South Carolina is home to the only aircraft manufacturing campus in the world where airplanes are built start-to-finish and delivered. Today, after investing well over $1 billion, there are more than 6,000 employees on site at Boeing South Carolina.
“Boeing is doing very well in South Carolina, and South Carolina is doing very well because of Boeing,” The House Speaker said. “Boeing’s commitment to our state and to our workforce has done nothing but exceed expectations, and grow stronger since breaking ground in 2009. From the start, this has been a true partnership between Boeing and South Carolina. As a Legislature, it’s our job to create an environment that fosters economic growth so the private sector can do what government can’t, create sustainable new jobs.”
“Our total state infrastructure commitment enabling this site to double its current footprint amounts to barely ten percent of the additional private investment being made by Boeing. These are exactly the kind of highly skilled, high paying jobs our state wants. Needless to say, this is a great infrastructure investment for our entire state that will create exciting new opportunities for our citizens and will provide our state with huge returns,” he added. “The hardworking South Carolinians employed at Boeing, and the many aerospace suppliers that have also located here, deserve real credit for these expansions. This latest announcement further confirms to the entire world the caliber of our state’s workforce and the monumental things they can achieve.”
Project Announcements
PEAK Precision Manufacturing Plans Bowling Green, Kentucky, Operations
07/26/2024
Italy-Based Sipcam Agro USA Upgrades Wayne County, Mississippi, Operations
07/26/2024
Cleveland-Cliffs Plans Weirton, West Virginia, Operations
07/26/2024
IDEXX Laboratories Plans Wilson, North Carolina, Production Operations
07/26/2024
Germany-Based Ritz Instrument Transformers Plans Waynesboro, Georgia, Operations
07/26/2024
AirJoule Plans Newark-Wilmington, Delaware, Operations
07/26/2024
Most Read
-
19th Annual Area Development Gold and Silver Shovel Awards
Q2 2024
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
The CHIPS and Science Act will bring jobs back to the United States
Q2 2024
-
2023 Top States Commentary: Top-Ranked States Have What It Takes to Win Mega Projects
Q3 2023
-
The Bring Your Own Energy (BYOE) Party Is Starting
Q2 2024
-
Midwest becomes hotspot for semiconductor manufacturing and supply industries
Q2 2024