When Boeing agreed to build its new 787 jetliner assembly line in North Charleston they received a huge incentive package. Boeing agreed to $450 million in incentives to come to South Carolina, and the company is now starting to reveal some of those incentives.
The Post and Courier reports some of those include tax breaks, in which county council will vote this week to approve. Those breaks include a 4 percent tax break on Boeing’s real and personal property for 30 years. Industrial taxes are usually targeted at 10.5 percent. Charleston Boeing spokesperson Candy Eslinger says they are not suppressing information about the incentives, but they have been working out the details. Eslinger has requested privacy to keep misinformation from spreading. Boeing’s new facility, expected to open next year, is the largest industrial single investment in state history.