Subsidy Tracker Individual Entry

Company: 
Boeing
Parent Company: 
Boeing
Subsidy Source: 
state
Location: 
Washington
Project Description: 

aircraft manufacturing facilities

Year: 
2013
Major Industry of Parent: 
aerospace and military contracting
Specific Industry of Parent: 
aerospace & military contracting
Subsidy Value: 
$8,700,000,000
Program Name: 
multiple
Awarding Agency: 
State Legislature
Type of Subsidy: 
MEGADEAL
Source of Data: 

The $8.7 billion package approved by the legislature was widely reported in the media. See, for example, Andrew Garber, "Legislature approves tax breaks to secure Boeing 777X," Seattle Times, November 9, 2013; online at http://seattletimes.com/html/localnews/2022229051_boeinglegislaturexml.html.

Notes: 

The main portion of the package was a 16-year extension of the tax breaks that Boeing had been awarded in 2003. The tax benefits will be available to Boeing's suppliers as well. There was no reported breakdown but it was assumed that most of the benefits would accrue to Boeing itself. The main Subsidy Tracker data includes various state tax credit entries for Boeing.

Source Notes: 
If an online information source is not working, check the Tracker inventory page for an updated link.