Corporate welfare at its finest - Boeing to states: What we want for 777X
ST. LOUIS -- St. Louis appears to meet most of the requirements Boeing Co. is looking for in a place to build its new 777X plant. But it would sure help if Missouri were on the ocean.
That's according to a copy of Boeing's request for proposals that has been obtained by the St. Louis Post-Dispatch. The until-now-unreleased document -- which is stamped "proprietary" -- details the company's criteria, proposed investment and job creation, and desired incentives for the much-sought-after airplane plant.
The 11-page document outlines Boeing's requirements for the plant, and details what it plans to build under two different scenarios:
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The document also lists "significant institutional factors" that it will evaluate, saying "company preference is toward a location that will share in the cost of capital expenditures" such as buying, building and equipping the plant. It also lists overall cost of doing business, workforce availability, quality and cost (though it makes no mention of union workers one way or the other) and a stable regulatory environment. And there's a list of "desired incentives." Among them:
•Site at no cost, or very low cost, to project;
•Facilities at no cost, or significantly reduced cost;
•Infrastructure improvements provided by the location;
•Full support in worker training;
•"Entire applicable tax structure including corporate income tax, franchise tax, property tax, sales/use tax, business license/gross receipts tax and excise taxes to be significantly reduced."
-more-
http://www.heraldnet.com/article/20131205/BIZ/712059882
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This is exactly the kind of thing our fine Governor in GA would broker. Another one of Nathan's "Shady" Deals.
They built a Caterpillar plant last year. Gave CAT the land, and absolved them of all taxes for something like 25 or 30 years.
Greasy.
Free buildings and mui tax incentives and maybe, maybe we'll grace you with our presence.
Washingtonian here. We (our state) just passed an $8 BILLION tax giveaway to these assholes. What they really want is to be in a right-to-work-for-less state. I like how they threw in that 'full support (read:free) worker training' BS. That's an admission that their last relocation to SC isn't working out like they planned because of poor worker education and skill. Sorry to our SC members, but that's just the way it is.
"we'll find somebody who will!"
And so it goes, pitting one city against another, one state against another, one country against another--until they are fat and happy at everyone else's expense. The road to parasitic neofeudalism.
Extortive manipulation is hard werk!
