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
Type of Subsidy: 
MEGADEAL
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: 
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