State Offered Boeing $534M at GTP
RALEIGH — North Carolina offered Boeing more than $534 million — “probably” the state’s largest incentives package, officials said — if the aircraft manufacturer would build its new 7E7 jetliner at the Global TransPark in Kinston. Information about the state’s 20-year proposal was released Monday by the Commerce Department after Carolina Journal prepared to file a lawsuit and other newspapers requested documents about the package. Included in North Carolina’s incentives were 539 acres of land, valued at $10.8 million, and $280 million in tax-exempt bonds for a building provided by the state and “a third party.”