What Price, Dreamliner? | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 03.23.15

Airborne 03.24.15

Airborne 03.25.15

Airborne 03.26.15

Airborne 03.27.15

Airborne Hi-Def On YouTube

Airborne 03.23.15

Airborne 03.24.15

Airborne 03.25.15

Airborne 03.26.15

Airborne 03.27.15

Mon, Nov 17, 2003

What Price, Dreamliner?

Washington State Questions The Cost Of Attracting Boeing's New 7E7 Plant

Every time you go to the store or plan a purchase for your company or weigh the simple cost of getting from one place to another, you have to make a decision. Is it worth the investment? What's my return?

Folks in Washington state are asking those questions now regarding concessions demanded by Boeing. In return, Washington could land a new Boeing plant that will make 7E7 Dreamliners. But it'll cost the taxpayers an estimated $3.5 billion in revenue the state would receive if it didn't make the concessions Boeing wants.

The Seattle Times reports all but $200,000 of that would come in concessions on the state's Business and Occupancy Tax, much loathed by companies that have facilities in Washington. The cut in B&O taxes wouldn't affect just the new 7E7 assembly plant. It would be applied to Boeing assets statewide.

"We wanted to use the one advantage we have in this game — the fact that Boeing already has a large footprint here," said Sheila Martin, the governor's executive assistant for economic development. "That gives us a lot of leverage over other states."

Washington is also offering Boeing the chance to build its new 7E7 facility without being burdened by property taxes. The company would still have to pay property taxes, but the B&O cut would offset those payments.

"If Boeing does go with Washington, they're basically guaranteed to not have any local property-tax disputes," Seattle tax attorney Norm Bruns said. "In the end, they won't really care what they're assessed at by the local assessor, because whatever it is they get a full B&O credit."

That's huge for Boeing. Unlike other states, Washington taxes the materials and services used to piece together a product. A recent study led by Bill Gates, Sr., shows aerospace, the backbone of the Washington state economy, is overburdened by the B&O tax. Dumping that for all Boeing facilities could indeed prove an offer Boeing just can't refuse.

FMI: www.boeing.com

Advertisement

More News

Airborne 03.27.15: Cockpit Changes Announced, Maine v UAVs, NBAA v Santa Monica

Also: AirVenture Update, Barnstorming Opines On Media Aero-Reporting, NTSB Update, ERAU Scholarships, Doolittle Raiders, Tecnam P2010 The loss of Germanwings Flight 9525 due to wha>[...]

Aero-News: Quote Of The Day (03.29.15)

"Rover challenge puts students in the driver's seat of real-world engineering. Students perform research with computer-aided designs, select and fabricate components using mechanic>[...]

ANN's Daily Aero-Term (03.29.15): Comet

Comet A ball of rock and ice, often referred to as a “dirty snowball.” Typically a few kilometers in diameter, comets orbit the Sun in paths that either allow them to p>[...]

ANN's Daily Aero-Linx (03.29.15)

Aero Linx: New Jersey Aviation Association NJAA was formed in 2000 to promote, protect and preserve the state's multi billion dollar general aviation industry. Its membership inclu>[...]

NASA Core Flight System Software Available To The Public

NASA Goddard Releases Open Source Application Suite The Innovative Technology Partnerships Office at NASA's Goddard Space Flight Center in Greenbelt, Maryland, announced the releas>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2015 Web Development & Design by Pauli Systems, LC