MASCOUTAH, Ill. (AP) -- The southwestern Illinois county that runs a 12-year-old airport that's never turned a profit will spend $3.5 million to convert a warehouse into what Boeing Co. plans to make a 75-job manufacturing site.
The St. Clair County Board signed off on the expense last night. Chicago-based Boeing will repay the investment over its 10-year lease of the building at MidAmerica St. Louis Airport near Mascoutah.
Boeing announced plans to lease the little-used cargo terminal as a place to begin working within months on components for its defense programs.
The state is giving Boeing $2.3 million to help cover the cost of setting up manufacturing at MidAmerica, with more than $2 million of it in tax credits to be parsed out over 10 years.