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:
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 (click here). 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.