Sanford signs incentive package for Boeing

October 30, 2009 by senatormcconnell

Boeing’s decision to land a new aircraft assembly plant in South Carolina should mean thousands of jobs beyond the plant walls.

Gov. Mark Sanford on Friday signed an incentive package that includes $170 million in low-interest loans used to lure Boeing.

State Senate President Pro Tem Glenn McConnell says he expects two to three spinoff jobs for each of the 3,800 Boeing hopes to create in seven years. That’s about the typical spinoff for an industrial announcement.

One aviation analyst says there won’t be many new suppliers because the plant will put together large components made elsewhere.

But Richard Aboulafia says Boeing’s decision is an endorsement for business in South Carolina and should mean more investment in future.

Post and Courier

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