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MegadealsSubsidy Tracker Individual Entry
Company: Boeing
Parent Company:
Boeing
Subsidy Source: multiple
Location: Alabama
City: Decatur
County: Morgan
Project Description: rocket production facility
Year: 1997
Major Industry of Parent: aerospace and military contracting
Specific Industry of Parent: aerospace & military contracting
Subsidy Value: $150,000,000
Program Name: multiple
Awarding Agency: Alabama Development Office
Type of Subsidy:
MEGADEAL
Number of Jobs or Training Slots: 2,300
Capital Investment: $400,000,000
Source of Data: The subsidy value as well as the jobs and investment projections came from: Stan Diel, "Boeing to get $150 million in breaks," Birmingham News, October 8, 1997.
Notes: The package included a franchise tax exemption worth $48 million over 20 years; a property tax worth $22 million over 10 years; state corporate tax credits worth $25 million to $40 million; plus tens of millions more in infrastructure and training assistance. Overlaps with main Subsidy Tracker data: none.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.