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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
Subsidy Value in 2023 Dollars: $96,884,097
Program Name: multiple
Awarding Agency: multiple
Type of Subsidy: 
MEGADEAL (Archived)

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; (click here))
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.