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October 28, 2009

S.C. Senate OKs Boeing incentives

  • Legislative leaders expect to send the bill to the governor's desk today.
    • By SEANNA ADCOX
    Associated Press Writer

    COLUMBIA, S.C. — An economic incentive package that appears tailored to bring a massive Boeing assembly facility to North Charleston easily received key approval Tuesday in the South Carolina Senate.

    The full Senate voted 44-0 on low-interest construction bonds and incentives that include a sales tax exemption on fuel used in test flights. To qualify, a company would have to create at least 3,800 full-time jobs and invest at least $750 million in the state over seven years.


     
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