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   SEATTLE (AP) - Boeing's contract proposal to machinists in the Puget Sound region would likely increase some workers' annual base salaries to more than $100,000 in the coming years.
   The offer going to a vote Friday would slow the growth of machinists' wages starting in 2016, but workers would still get regular cost-of-living adjustments and an additional one percent raise every other year.
   If historical cost-of-living changes continue, about 400 machinists in Washington state would surpass $100,000 in base pay in 2020, not counting shift differentials or overtime. The most common class of machinists would reach $82,000 at that point.
   Local union leaders are recommending that machinists reject the proposal, in part because it would slow how fast wages grow.
   But the contract would secure work on Boeing's new 777X in the region at a time when 22 states, including Missouri and Illinois are vying for those jobs.
 
Published in Local News

 

   Boeing is expected to whittle down the list of contenders for their new 777X airplane plant.  Missouri is one of 22 states competing for the plant and the 8,000 jobs it could bring.  An email from company executive Ray Conner to Boeing employees indicates that the company plans to select a list of finalists this week.  The email was posted to the Washington Aerospace Partnership's Facebook. 
   Missouri's bid includes $3.5 billion in tax incentives and a promise from local unions that the plant could be built using three shifts of workers with no overtime charges.  
   Jeff Aboussie of the Building and Construction Trades Council of St. Louis told Fox 2 News its worth it to put people back to work.  "I don't believe that there's one union in this town that isn't welcoming the fact that Boeing could, hopefully, select St. Louis," he said.
   Boeing officials have said they expect to announce the site for the new plant in mid-January.
 
Published in Local News
   We still don't know where Boeing will build its new 777X commercial airliner, but it looks like it won't be in Washington State.  Thursday night, the machinists' union rejected Boeing's final contract offer to keep the plant in the Puget Sound area.  
   Missouri is one of 22 states bidding for the plant.  There's no indication which location Boeing will select.  Boeing officials have said they'rell make that announcement in mid-January.  
   In the mean time, the aerospace giant has announced plans to send more jobs to St. Louis. Over the next two years the company will add 300-400 new research and development positions as part of a larger reorganization. The St. Louis-based units should be up and running by 2015.
 
Published in Local News

   When the state of Missouri presents it's economic package to Boeing Tuesday, it'll include an extra tax incentive from St. Louis County.  

   Monday night, the County Council unanimously approved a preliminary package that could be worth as much as $1.8 billion if Boeing agrees to build the 777X commercial airliner near Lambert Airport.  The specific form of the incentives will take has not yet been determined, but could include TIFs, or tax increment financing.

   Both County Executive Charlie Dooley and St. Louis Mayor Francis Slay addressed the County Council last night in an effort to win the incentives.  Both made the case that the number of jobs the plant would bring would mean a significant economic boost to the region.  Production of the plane could bring as many as 8,000 new jobs to the St. Louis area.  

   With the county incentives and the tax breaks approved by state lawmakers last week, Missouri's bid to win the plant is worth nearly $3.5 billion over 20 years.   

   More than a dozen communities are vying for the new Boeing plant.  The aerospace company is expected to make a decision in January 2014.

Published in Local News
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
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

   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

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