Thursday, April 18, 2013
An economic development bill (S. 578) has been set on a fast track to become passed into law as early as next week.
Announced last week, Boeing's SC "Phase II" expansion will double the site's size, add at least 2,000 new jobs and commits to an additional private investment well exceeding $1 billion. This economic development legislation stems from an agreement reached between Boeing and South Carolina that will enable this Phase II expansion by allowing the state to fund in part core state infrastructure site development.
Introduced on Tuesday, the legislation has already been passed by the Senate. The House set the bill to go "without reference" which places it directly on the House Calendar and will be up for debate when the House of Representatives returns in session next Tuesday.
House Speaker Bobby Harrell issued this statement about the General Assembly's swift action on this job creating legislation:
"We have made a commitment to Boeing and our state keeps its word, particularly when it comes to economic development,” Harrell said. “And, as evident by the 6,000 South Carolina jobs they've already created, Boeing doesn't just keep its word but greatly exceeds expectations.
“This is a good investment for our entire state that will create exciting new opportunities for our citizens and provide our state with huge returns.”