Sanford signs incentive package for Boeing
Governor Mark Sanford, surrounded by South Carolina lawmakers, signs into law an incentive package passed as part of a successful bid to bring the airline maker Boeing to North Charleston to build a second production plant.
Boeing's decision to land a new aircraft assembly plant in South Carolina should mean thousands of jobs beyond the plant walls.
Gov. Mark Sanford on Friday signed an incentive package that includes $170 million in low-interest loans used to lure Boeing.
State Senate President Pro Tem Glenn McConnell says he expects two to three spinoff jobs for each of the 3,800 Boeing hopes to create in seven years. That's about the typical spinoff for an industrial announcement.
One aviation analyst says there won't be many new suppliers because the plant will put together large components made elsewhere.
But Richard Aboulafia says Boeing's decision is an endorsement for business in South Carolina and should mean more investment in future.
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