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Wednesday, 04 December 2013 03:00

Boeing incentive bill moves to full Senate

   The Missouri Senate will take up debate Wednesday on a tax incentive bill aimed at luring Boeing's commercial airplane plant to St. Louis.  That after a Senate committee approved legislation Tuesday night that will offer up to $1.7 billion of incentives over two decades tor Boeing.  

   St. Louis Mayor Francis Slay and County Executive Charlie Dooley led a delegation of officials testifying Tuesday evening before the Senate committee. They touted the thousands of jobs a new Boeing plant would bring to the area.

   Earlier Tuesday, Governor Jay Nixon released an economic analysis showing Missouri would take in more additional tax revenues than it would waive in incentives.  

   St. Louis area governments also would offer incentives. But local economic development officials said they weren't ready Tuesday to put a price tag on those incentives.

   Missouri is one of several states competing to assemble the Boeing 777X airplane.

 

 

Published in Local News

JEFFERSON CITY, Mo. (AP) - New details about Missouri's bid for a Boeing assembly plant show the state could offer more than $1.7 billion of incentives over two decades.

Gov. Jay Nixon's office released details about the incentives Tuesday to The Associated Press as lawmakers prepared to hear testimony about it in a special session.

Nixon also said a new agreement among St. Louis labor councils could help Missouri compete for the Boeing 777X airplane.

Boeing solicited proposals to build its next-generation commercial aircraft after union members in Washington state rejected a proposed contract that sought concessions.

Missouri's potential package of incentives is based on the jobs created. If Boeing adds 2,000 jobs, the incentives could total up to $435 million by 2040. If Boeing adds 8,000 jobs, the incentives could total $1.74 billion.

 

Published in Local News
Tuesday, 03 December 2013 02:25

Slay to testify on Boeing plant tax incentives

   St. Louis Mayor Francis Slay will be in Jefferson City Tuesday to testify in favor of tax breaks aimed at luring Boeing's 777X plant to St. Louis.  

   Yesterday, a bill was introduced that would expand state tax credit programs by $150 million for aerospace companies that create at least 2,000 jobs in Missouri.  

   Slay will make the case to a Senate subcommittee that landing the Boeing plant would be good for the St. Louis region and the whole state.  

   Governor Jay Nixon says Missouri is facing a December 10th deadline to submit an offer to Boeing.  

Published in Local News

JEFFERSON CITY, Mo. (AP) - It is the opening day for a Missouri special legislative session called in hopes of persuading the Boeing Co. to produce the 777X plane in the state.

Gov. Jay Nixon says Missouri faces a Dec. 10 deadline to submit an offer to Boeing.

Nixon has proposed an incentives package worth up to $150 million annually. It would be funded through four existing Missouri programs that help finance job training, infrastructure improvements and reward companies for expanding their payrolls.

Any incentives approved by Missouri likely will face competition from other states.

Published in Local News

JEFFERSON CITY, Mo. (AP) - Missouri Gov. Jay Nixon is calling state lawmakers back to the Capitol to consider incentives aimed at attracting a massive Boeing Co. production facility to the state.

Officials are hoping to entice Boeing to produce its 777X passenger jet in Missouri. Several other states also have been discussing trying to land the project, and Boeing hopes to make a decision early next year.

Nixon called the special legislative session Friday. It will start Monday, Dec. 2, which is about a month before lawmakers convene their regular session on Jan. 8.

Boeing is already one of Missouri's largest employers, with about 15,000 people including thousands of machinists in the St. Louis area.

Published in Local News

   Governor Jay Nixon will be in St. Louis County Wednesday to publicly pitch his plan to lure a new Boeing aircraft plant to the area.  Nixon will speak to St. Louis business and civic leaders at a luncheon hosted by Progress 64 West, a group that promotes development along the Interstate 64 corridor.  

   The governor met privately with Boeing executives last week as Missouri competes with at least five other states to produce the Boeing 777X commercial airplane.

   A new plant would likely mean thousands of new jobs.  

   Republican state Senate Majority Leader Ron Richard has said he supports special tax incentives to try to land the plant.  

   Boeing expects to choose a location just after the first of the year.

Published in Local News

ST. LOUIS (AP) - Missouri Gov. Jay Nixon says his administration will work quickly and aggressively to land Boeing Co.'s next-generation commercial aircraft.

Boeing is expected to choose a location for producing the 777X by early January. Nixon said Thursday that he met with company leaders in St. Louis. The governor said the meeting was productive.

Nixon says production of the 777X would be a "massive shot in the arm" for Missouri's economy.

Boeing currently employs about 15,000 people in Missouri.

Published in Local News

One of the largest employers in the St. Louis area might be forced to furlough its workers if the government shutdown.

Boeing spokesman Dan Beck tells the St. Louis Business Journal that the company's workforce reductions could be caused by customer-issued, stop-work orders, funding cuts, or a shortage of government inspectors.  Boeing's workers at its Hazelwood-based Defense, Space & Security unit would be the ones affected by the furloughs.

The unit has over 15,000 full-time employees in St. Louis. 

Published in Local News

ST. LOUIS (AP) - A former procurement officer for the Boeing Co. based in Missouri is accused of providing inside information to help a Washington state subcontractor win more than $2 million in aircraft parts orders.

An indictment filed in federal court in St. Louis charges Deon E. Anderson, of the St. Louis area, and Jeffrey Lavelle, of Mukilteo, Wash., with mail fraud and wire fraud. Lavelle owned and operated J.L. Manufacturing, a machine shop in Everett, Wash.

The indictment says Anderson gave J.L. Manufacturing and Lavelle non-public competitor bid and historical price information for Boeing military aircraft order requests for quotes.

It says Lavelle used the information to submit about nine different bids on behalf of his company to Boeing. The indictment says that in return Lavelle paid cash to Anderson.

The indictment made public Monday also charges Robert "Bobby" Diaz Jr., of Alta Loma, Calif., and William P. Boozer, of Hacienda Heights, Calif.

A call left with Lavelle at J.L. Manufacturing Tuesday morning was not immediately returned.

 
Published in Local News

   The impacts of the federal shutdown on the local St. Louis economy probably won't amount to much -- as long as it doesn't last long.  

   The St. Louis Post-Dispatch reports that economists and business leaders generally agree that a few days of federal worker furloughs and closed federal parks won't have a big impact.  But with about 25,000 St. Louis area residents working for the federal government, and many thousands more working for private companies that rely on federal contracts, a long-term shutdown could have greater impact.  

   Right now, the paper reports that private employers like Boeing and Unisys aren't changing staffing levels, but all say they are monitoring the situation.

Published in Local News
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