Magendanz statement on Boeing 777x incentives

FOR IMMEDIATE RELEASE
Nov. 8, 2013
CONTACT: Mary Strow, Public Information Officer – (360) 786-7761
Magendanz statement on Boeing 777x incentives
Today the state House of Representatives passed a package of bills that are part of a broad bid to persuade Boeing to build the advanced composite wings and fuselage of its new 777x in Washington state.
The bills, also passed by the Senate today and expected to be signed by Gov. Jay Inslee next week, include the following elements:
- Extending commercial airplane tax incentives until 2040, and expanding tax exemptions for constructing the buildings necessary to manufacture the 777x.
- Reducing red tape for plant expansion and new development – for Boeing itself and for its manufacturing suppliers.
- Expanding training for aerospace jobs. Of particular interest to the 5th District is the $5 million slated to complete the Central Sound Aerospace Training Facility in Renton.
State Rep. Chad Magendanz (R-Issaquah) voted for the legislation and made the following remarks on the House floor before the vote:
“We have a tendency to pay more attention to the customers that can take their business elsewhere. And so today Boeing has our undivided attention, and I think that’s fantastic for this sector.
“Now by all means we should be investing in the aerospace sector. It’s vital to our economy. We should be taking this opportunity to close the skills gap in our technical schools, in building world-class competency in advanced composite materials, in feeding the pipeline that will create the next generation of the most productive workers in the world.
“But what of the others? What of the other areas that are less mobile? Are they less important? I would argue that this is the first step of a long journey. We need to make sure that we’re addressing all of our sectors. That we’re looking at the technology sector, the biotech sector. Ultimately every single job provider in this state should be getting the kind of attention that we’re giving the aerospace sector right now.
“And so, I encourage a yes vote, and encourage you to think of this as a first step of a long journey to creating a more competitive business climate for our state.”
For more information about Rep. Magendanz, visit: houserepublicans.wa.gov/magendanz.
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Washington State House Republican Communications
houserepublicans.wa.gov
455 John L. O’Brien Building
P.O. Box 40600
Olympia, WA 98504-0600