ST. LOUIS, MO (KTVI) – Missouri Governor Jay Nixon just signed a bill that may give Boeing $1.7 billion in tax incentives. Missouri is competing with about a dozen other states for production of the Boeing 777x, the company’s next generation commercial airliner.
Senate Bill 1 passed during the General Assembly special session with a lot of bi-partisan support. All that support was because of the economic boost Boeing would bring.
A new Boeing assembly plant would create anywhere from 2,000 to 8,000 jobs in the St. Louis area.
Local unions have also agreed to incentives including working three shifts without overtime, speeding construction of buildings required for production of the planes by about 2 years.
Also in hopes of luring Boeing, Monday night, the St. Louis County Council approved $1.8 billion in tax incentives for the company. Boeing could choose a state to start production in by mid January.