Title: Boeing | Good Jobs First
Headings: Boeing
Boeing
Case Study of Boeing Co.
SOURCES

Content: South Carolina was one of the “losers” in the 2003 competition staged by Boeing for its initial production facilities for the 7E7 Dreamliner. But in October 2009 Boeing announced that it would spend at least $750 million on a new 7E7 production line and create thousands of jobs. The state's subsidy package was initially estimated at $450 million, a large part of which reflected generous property tax abatements. In January 2010 the Charleston Post and Courier published an analysis of the package that concluded it could be worth more than $900 million. The fact that Boeing became the recipient of a huge amount of government assistance throughout the U.S. has not prevented the company from expressing righteous indignation over the government aid received by its European competitor Airbus. In a 2004 conference call with analysts and the media, Boeing’s CEO said that the state aid his company received was not a subsidy but was simply a matter of “lowering the cost of doing business.” It was not reported whether the remark was made with a straight face. SOURCES
Jack Norman, Boeing's Cash Cow: A Corporate Strategy's Impact on Middle Class America, Institute for Wisconsin's Future, April 2010. Jeff McCourt and Greg LeRoy, A Better Deal for Illinois: