Kansas Dangles $500 Million Carrot to Land Boeing's New Jet

Williamson, Richard
April 2003
Bond Buyer;4/2/2003, Vol. 344 Issue 31606, p40
Trade Publication
Kansas legislators are hurrying to offer up to 500 million dollars in financial incentives to lure Boeing Corp.'s next-generation passenger jet production to Wichita. In a deal that would combine tax breaks, industrial revenue bonds, and other incentives, Kansas would become a partner with Boeing to build the 7E7 mid-size passenger jet, adding 4,000 jobs to Wichita's aviation employment base. Terms under discussion call for Kansas to issue revenue bonds, with the state paying the interest and Boeing paying the principal, according to Bill Jarrell, Boeing's chief Kansas lobbyist. Boeing officials called Kansas legislators, to become a full partner in the production of the 7E7, which is designed to be more efficient and have a longer range than the Boeing 757 and 767.


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