Sources: $10 Billion Boeing Complex a 'Longshot'

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Inside INdiana Business has learned Indiana will not likely pursue a new Boeing Co. (NYSE: BA) complex that has attracted interest from more than one dozen other states. Sources say Indiana plans to remain competitive for economic development opportunities, but this one would be "a longshot" and incentives being offered by some other states are "way beyond the bounds." The Wall Street Journal reports lawmakers in Washington have approved a package of roughly $8.5 billion over 16 years. A statement from the Indiana Economic Development Corp. says efforts continue with companies, including Boeing, to find out how the state fits into their long-term plans. Lawmakers in Missouri have approved a $1.7 billion incentive package.

Boeing is planning a $10 billion airplane manufacturing, assembly and engineering operation that could eventually employ up to 8,500 workers.

The company is expected to decide on a location early next year.

December 12, 2013

Statement From IEDC

The IEDC actively tells Indiana's story on a global stage, showcasing the state's highly-rated business climate. Indiana is a state that works for business. Our talented workforce, enviable fiscal condition, strong job growth and the recent passage of the largest tax cut in state history are a testament to our story and make Indiana an attractive location for new investment and job opportunities. On a daily basis, the IEDC assists companies like Boeing in finding out how Indiana fits into their long-term business plans. Out of respect for companies, all discussions are confidential until we have completed negotiations and have a final acceptance from them.

Source: Indiana Economic Development Corp., INside INdiana Business, The Wall Street Journal