Originally published October 27, 2009 at 11:08 AM | Page modified October 27, 2009 at 1:31 PM
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South Carolina panel OKs incentives meant to lure Boeing
South Carolina state senators have given initial approval to an economic incentive package that appears tailored to bring a massive Boeing...
The Associated Press
COLUMBIA, S.C. — South Carolina state senators have given initial approval to an economic incentive package that appears tailored to bring a massive Boeing assembly facility to Charleston.
Lawmakers on Tuesday approved lower-interest construction bonds and incentives that include a sales tax exemption on fuel used in test flights. To qualify, a company would have to bring at least 3,800 jobs and at least $750 million in investment to the state over seven years.
The measure that passed in the Finance Committee did not reference a specific company. It now heads to the full Senate and leaders believe it could be approved this week.
The lawmakers meet as Boeing decides where to site a second assembly line for the 787 airliner. Everett also is competing for the facility.
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