Moneybox

Boeing Will Build a Factory in Your Town If You Pay For The Factory

Nice factory. Who’s paying?

Photo by SAUL LOEB/AFP/Getty Images

It’s no secret that big companies with lots of jobs to throw around try to strike good deals with state and local governments in exchange for deigning to locate there. But Boeing’s wish list for building a 777X factory is extremely ambitious. For example, they would like to build the factory in a city that will pay for the entire building of the factory, with the following three points listed as desirable:

— “Site at no cost, or very low cost, to project.”

— “Facilities at no cost, or significantly reduced cost.”

— “Infrastructure improvements provided by the location.”

That’s a little nutty. If your strategy for attracting the construction of an airplane factory to your town includes footing the entire bill for an airplane factory, then you might as well just launch an airplane manufacturing company. You can read the whole list here. They are ideally looking for a highly skilled yet low-wage workforce at a location with a dedicated railroad spur and a seaport. Plus low taxes!