Subsidy Tracker Individual Entry
Company:
Boeing
Parent Company:
Boeing
Subsidy Source:
multiple
Location:
Illinois
City:
Chicago
Project Description:
relocation of corporate headquarters
Year:
2001
Major Industry of Parent:
aerospace and military contracting
Specific Industry of Parent:
aerospace & military contracting
Subsidy Value:
$56,000,000
Program Name:
multiple
Awarding Agency:
multiple
Number of Jobs or Training Slots:
500
Source of Data:
The subsidy and job projection details came from: Jeff McCourt and Greg LeRoy, A Better Deal for Illinois: Improving Economic Development Policy (Good Jobs First, 2003; http://www.goodjobsfirst.org/pdf/il.pdf)
Notes:
The $30 million state portion included $17 million in EDGE corporate income tax credits and various grants and sales-tax exemptions. Chicago provided a property tax abatement worth $16 million and a variety of other subsidies. Overlaps with main Subsidy Tracker data: entries with about $7.6 million in Corporate Headquarters Relocation and Large Business Assistance grants.
Source Notes:
If an online information source is not working, check the Tracker inventory page for an updated link.