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Economy

South Carolina officials celebrate Boeing's arrival

John O'Connor - The State

October 29, 2009 09:55 PM

The landing was delayed, but Boeing has arrived in South Carolina and is bringing along 3,800 jobs to build its new, state-of-the-art jet.

Jilting its longtime Washington state manufacturing base, the Chicago-based airplane maker said Wednesday it will build its second 787 Dreamliner assembly line in North Charleston.

State and local officials, who unsuccessfully sought Boeing's first 787 assembly line in 2003, expect Boeing to break ground on the plant within a month, as the company moves to get the line up and running by 2011 to complete backordered planes.

Boeing said it chose the North Charleston site because of its existing facilities at the site, some already working on 787 segments.

"Establishing a second 787 assembly line in Charleston will expand our production capability to meet the market demand for the airplane," Jim Albaugh, chief executive of Boeing Commercial Airplanes, said in a news release. "This decision allows us to continue building on the synergies we have established in South Carolina."

The General Assembly also approved a massive tax incentive package, part of a host of promises made to Boeing since the company first discussed the possibility of locating in South Carolina in August. The package would eliminate income and other taxes for the company for a decade and provide low-interest construction bonds.

Gov. Mark Sanford, who previously opposed similar packages, said Wednesday he would sign the incentives bill.

To qualify for the incentives, Boeing pledged to invest at least $750 million and create 3,800 jobs in the state within seven years. State officials expect those number to grow.

Read more at TheState.com

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