North Carolina proposed up to $683M in incentives for Boeing

News
This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

State officials were willing to offer up to $683 million in state and local tax incentives to lure Boeing to North Carolina, according to documents obtained by the Charlotte Observer.

According to reports, Gov. Pat McCrory met with Boeing officials at an Arizona hotel during the Republican Governors Association annual meeting. McCrory emphasized the state’s community college system and a labor pool packed with military veterans.

North Carolina and other states to be considered received a request for proposals on Nov. 22 with a due date of Dec. 10.

North Carolina was hoping the company would consider one of three sites in Greensboro, Charlotte or Kinston to build their new jetliner plant.

Ultimately, Boeing announced in early January they had selected a site in Washington state to build the new 777X jetliner plant.

Despite the substantial incentives package North Carolina proposed, the bid was still dwarfed by offers from other states in the running.

Washington state lawmakers approved $8.7 billion in tax incentives over 16 years if Boeing agreed to build the 777X jetliner plant there.

Read more: Charlotte Observer

Must-See Stories

More Must-See Stories

MOST POPULAR

Follow FOX8 on Twitter