Boeing Breaks Ground On $750m S.C. Plant
NORTH CHARLESTON, S.C. (AP) — Boeing is breaking ground in South Carolina on a $750 million aircraft assembly plant — the largest industrial investment in state history.
Officials gather Friday at the site near the Charleston International Airport where Boeing will assemble its 787 jetliners. The company last month chose North Charleston over Everett, Wash., for the assembly plant.
The new plant is expected to create 3,800 jobs within seven years and construction will mean another 2,000 jobs.
Boeing received an incentive package including up to $170 million in low-interest construction loans, plus sales tax exemptions for computers, material and fuel used in test flights.