A transformative move for South Carolina. That is how many state leaders are describing Boeing’s announcement Wednesday that the corporation will establish an assembly line for its 787 jets in North Charleston. The facility will be built in stages. Boeing will hire 4,000 direct positions and another 8,000 related spin-off positions are expected. State lawmakers indicate that within five years that investment could total 3,800 jobs and $750 million, according to incentives approved this week by the General Assembly. University of South Carolina research economist Dr. Doug Woodward worked on a feasibility study for Boeing on the state of South Carolina. Woodward says the move will impact positively the economy of the state well into the future.
“i think this is going to have a tremendous impact on the state of South Carolina. it comes at a time when we have been in this deep recession, no job creation, no major announcements. This is the biggest thing that has happened across the country in the last year in a positive way and we’ re lucky to land it right here in South Carolina.” [Read more...]







