Boeing has decided to move production of one of its newest aircraft production out of Washington, and is looking for a "friendly" state to locate in. Here's how they define friendly:
Among the “desired incentives” sought by Boeing, the biggest items are these:
• “Site at no cost, or very low cost, to project.”
• “Facilities at no cost, or significantly reduced cost.”
• “Infrastructure improvements provided by the location.”
Additional incentives it lists include:
• Assistance in recruiting, evaluating and training employees.
• A low tax structure, with “corporate income tax, franchise tax, property tax, sales/use tax, business license/gross receipts tax, and excise taxes to be significantly reduced.”
• “Accelerated permitting for site development, facility construction, and environmental permitting.”
Other factors that will be “significant” when Boeing makes its choice early next year include:
• Low overall cost of doing business, “including local wages, utility rates, logistics costs, real estate occupancy costs, construction costs, applicable tax structure obligations.”Story.
• The quality, cost and productivity of the available workforce.
• Predictability of utilities pricing and government regulation.
Basically, the world's leading manufacturer of aircraft is looking for a deal similar to what Russian oligarchs get from Russia. Actually, a little better.
Why don't they ask for a baseball stadium and call it a day?
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