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Health & Fitness

Legislature Passes Tax Incentives for Job Creation

During a special session called by Governor Nixon, Missouri lawmakers approved up to $1.7 billion in tax incentives over the next two decades to bring high-quality jobs in the aerospace industry to our state.

Senate Bill 1 was passed in response to Boeing’s announcement that the company is looking to move production of their 777x airplane out of Seattle. Even though the state of Washington offered $9 billion in tax incentives to Boeing, their unions refused to make concessions, forcing the company to seek out a more business-friendly environment.

In order to claim the tax incentives, Boeing will have to meet specific benchmarks for job creation, so the state will not lose any tax revenue until the company employs a significant number of Missourians. The average pay for these jobs is reportedly $75,000 per year, offering Missourians a high return on this investment. Boeing already provides over 15,000 jobs in Missouri, and their facility in St. Louis boosts the economic growth of our region and state.

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Boeing is also considering relocating to Alabama and South Carolina, two right-to-work states with existing Boeing production locations. The company will reportedly make a decision on moving production of the 777x in January 2014.

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