Eyes on Missouri government after St. Louis County OKs $155M tax break to Boeing

(The Center Square) – After the St. Louis County Council approved $155 million in tax breaks for a $2 billion expansion planned by Boeing, eyes turned toward Jefferson City to see what subsidies the state will make.

“To even have a chance of getting this major expansion, the city and the county and the state had to make some economic concessions,” Democrat Councilwoman Lisa Clancy said before joining three members to vote for the tax break earlier this week. Democrat Councilwoman Kelli Dunaway cast the only vote against the plan.

“We thank the St. Louis County Council members for their decision, leadership and partnership in expanding the St. Louis region’s aerospace manufacturing industry footprint,” a Boeing spokesperson wrote in an email to The Center Square. “This vote will help us offer cost-competitive proposals, marking the first step toward bringing more high-paying jobs to the Greater St. Louis area. We look forward to continuing to work with our collaborating partners on the next steps of this project.”

Republican Gov. Mike Parson in August told the St. Louis Post-Dispatch the state was in contact with Boeing.

“We’re going to see where that all ends up,” Parson said. “It’s pretty early.”

- Advertisement -

Boeing is planning to expand its manufacturing operations to better compete for U.S. Department of Defense contracts.

“To my understanding and as the Governor touched on, the state is always willing to consider incentive options for expansions at Boeing, our state’s largest manufacturing employer, but nothing has been agreed upon officially,” Johnathan Shiflett, the governor’s press secretary, wrote in an email to The Center Square.

Shiflett referred to the Missouri Department of Economic Development for possible additional information.

“The department does not comment on active projects,” Amy Berendzen, communications director for the Department of Economic Development, wrote in an email to The Center Square.

Two years ago, Boeing announced it would build a facility to manufacture a refueling drone for the Navy at MidAmerica Airport, a facility approximately 40 miles east of Boeing’s St. Louis operations. Illinois Gov. J.B. Pritzker announced at the time $57 million in state investment and $8.7 million in tax breaks, according to the St. Louis Post-Dispatch.

“I think that it is these types of incentives that have turned this country and the world we live in into a game that is stacked against the working families that we’re trying to protect,” Dunaway said before casting her vote. “And I hear Boeing when they’re like, ‘We’ve invested in the community. We gave $13 million last year to charity.’ But that’s not even 10% of what they’re asking us to give them and it’s just not enough for me.”

Hot this week

African and Caribbean Nations Call for Reparations for Slave Trade, Propose Global Fund

Nations across Africa and the Caribbean, deeply impacted by...

Sports betting expert offers advice on paying taxes for gambling winnings

(The Center Square) – Tax season is underway, and...

Health care company agrees to pay $22.5 million to settle claims of over billing

A health care company agreed to pay nearly $22.5...

Entertainment district benefits don’t outweigh the cost, economists say

(The Center Square) — Weeks later, after more details...

Business association ‘disappointed’ by WA L&I’s proposed workers comp rate hike

(The Center Square) – The Association of Washington Business...

Report: GenAI tools challenge higher ed integrity, preparedness

Artificial intelligence causes a significant change of direction for...

Immigration division, sanctuary city punishment on special session agenda

(The Center Square) – Republican lawmakers' plan for immigration...

John, 85, mourned, his life celebrated for integrity, selflessness

(The Center Square) – Joe John, the Wake County...

House Democrats push 11% firearm, ammo excise tax as $10B to $16B shortfall looms

(The Center Square) – As Washington state grapples with...

Louisiana officials provide updates following historic winter storm

(The Center Square) − Louisiana Gov. Jeff Landry and...

Prosecutor: ‘Power and profit,’ ex-speaker ‘abused his public office’

(The Center Square) – Closing arguments have begun at...

Georgia lawmakers looking to address House Bill 581 opt-out

(The Center Square) – A long list of government...

More like this
Related

Report: GenAI tools challenge higher ed integrity, preparedness

Artificial intelligence causes a significant change of direction for...

Immigration division, sanctuary city punishment on special session agenda

(The Center Square) – Republican lawmakers' plan for immigration...

John, 85, mourned, his life celebrated for integrity, selflessness

(The Center Square) – Joe John, the Wake County...