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Incentives Finalized in Boeing Sweetheart Deal

Written By Rick Brundrett

Tuesday, February 16, 2010

Summary:
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Tags Incentives General Assembly Boeing Economic development Transparency Legislation State government

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Comments (4)

  • The introduction says the package will benefit no one but Boeing. Not true! What about all the politicians who can claim that they brought thousands of jobs to our state?

    David Tuesday, February 16, 2010 2:31 PM

  • It would be helpful to kniw what kind of economic incentive packages have been offered to the Japenese auto manufacturers as well as other Companies coming into a State.
    I am only trying to understand whether this is excessive or normal or fair, etc.  I am not an economist so it is hard to weigh or balance what Boeing is getting and what itw ill be giving.. In the short term it may be incentivized...what about the longer term.
    An analysis of this arrangement would be very helpful. 

    Interested Wednesday, February 17, 2010 10:44 AM

  • I wonder how they will spin this for EADS after claiming that EADS has an unfair advantage with state support.

    fed up with corruption Thursday, February 18, 2010 1:50 PM

  • fed up with corruption

    No need to spin this for EADS.  Airbus and EADS get direct government funding, free enployee training across the board, government financed aircraft sales (low interest, preferencial approvals) and more.  In reality, EADs is not really an independent company at all but rather owned/run/financed by Germany and France.

    I fail to see how this is corruption.  Do you have any evidence that anyone was "paid off" or "greased'?  This might be unwise, but I am not seeing the corruption.

    Perhaps we might want to discuss why business' should pay higher property taxes than homeowners.  Do we believe that we increase economic development and jobs by punishing business? 

    In the case of reduced property taxes maybe the problem is they are too high to start with so we need to reduce them on a case-by-case basis to compete for industry. 

    In the case of tax credits, they are not worth anything unless taxes are due, so they don't "cost" anything.  After all, you are giving up taxes you would not have gotten if the business (and the employees) were not there.

    I, myself, am pretty much tired of stupid, unsupported allegations by cowardly people who don't sign their name.

    Mark Boyles Tuesday, March 16, 2010 1:36 PM

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