(St. Louis) – Gov. Jay Nixon joined business, labor and education leaders in front of the Missouri-made Mercury space capsule at the James S. McDonnell Planetarium in St. Louis on Tuesday, December 10, to sign Senate Bill 1, bipartisan legislation to help Missouri compete for production of Boeing’s next-generation commercial aircraft, the 777X.
With more than a dozen states dying to build the 777X, Gov. Nixon called the legislature into a special session last week to help Missouri compete for this transformative project by adding capacity to four of its existing performance-based economic development programs. In less than five days, Senate Bill 1 passed the Senate by a vote of 23-8 and the House by a vote of 127-20.
The Boeing 777X is expected to be the largest and most efficient twin-engine jet in the world, which Nixon says would bring billions of dollars in new investment and thousands of new advanced manufacturing jobs to the St. Louis region and throughout the state by creating opportunities for a whole new supplier base.
Senate Bill 1 provides additional capacity of up to $150 million annually for an aerospace project that creates at least 2,000 jobs under four of Missouri’s performance-based economic development programs: Missouri Works, Missouri Works Training, Missouri BUILD, and the Real Property Tax Increment Allocation Redevelopment Act. The total amount of benefits Boeing could earn would be based on the number of new jobs created and the wages of those jobs, the amount of new capital investment, and the cost of training workers to build this next-generation aircraft.