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MegadealsSubsidy Tracker Individual Entry
Company: Boeing
Parent Company:
Boeing
Subsidy Source: multiple
Location: South Carolina
City: North Charleston
County: Charleston
Project Description: aircraft assembly plant
Year: 2009
Major Industry of Parent: aerospace and military contracting
Specific Industry of Parent: aerospace & military contracting
Subsidy Value: $900,000,000
Program Name: multiple
Awarding Agency: multiple
Type of Subsidy:
MEGADEAL
Number of Jobs or Training Slots: 3,800
Capital Investment: $750,000,000
Source of Data: The value and the breakdown of the subsidy package, and the jobs and investment projections are taken from: David Slade, "Boeing's whopping incentives," The Post and Courier, January 17, 2010, updated March 23, 2012; online at
(click here).
Notes: The $900 million comes from the estimate in the Post and Courier article, which the paper said was based on "conservative figures." It included: $306 million over 30 years in property tax abatements from Charleston County; state-issued bonds valued at $399 million; a business personal property tax exemption worth an estimated $100 million; and $33 million in training funds (part of which is listed separately in the main Subsidy Tracker data as a $13.3 million entry for readySC Training). Boeing was also potentially eligible for tax credits of up to $12,500 tax credit for each additional job created.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.