St. Louis County Council passes tax incentives for Boeing
ST. LOUIS, Mo. (KMOV) - St. Louis County passed tax incentives for Boeing during a County Council meeting on Tuesday.
The bill passed 4-1, with one member abstaining and one member absent from the meeting. St. Louis County Executive Sam Page announced that he will sign the bill tomorrow morning.
In a statement, Executive Sam Page said:
Tonight’s vote shows St. Louis County’s commitment to growing our economy, expanding career opportunities, and building on our priorities to invest in North County. Landing this deal will bolster St. Louis County’s brand as a national leader in the defense industry.
I will sign the bill into law tomorrow morning.
Approving these incentives demonstrates to the federal government that Boeing has the support of the community and the financial wherewithal to create the facilities needed for this nearly $2 billion project.
A Boeing spokesperson released a statement thanking the County Council for their decision, saying it “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.”
Greater St. Louis, Inc. CEO Jason Hall called the decision a “big win” for the St. Louis region.
“The advancement of this project is a great example of regional collaboration and shows that when all partners, public and private, work together and speak with a unified voice, we can accomplish big things that will help the whole community,” Hall said.
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