Tax package coming together for major airplane manufacturer

"Today we have the opportunity… to put ourselves into position to land one of those projects that will have a significant impact on the quality of life and the economics of the state," he told the Senate. The factory would employ as many as 2,100 people with salaries averaging $55,000 a year. Shields expects another 5,200 jobs with suppliers willing to locate in Missouri and supply products and services to Bombardier. The Senate is considering a tax credit package that could total about $800-million dollars in the next two decades. But Shields says this program is unique because a payback is built into it. He says no tax credits will be granted if jobs are not created. Senator Lu Ann Ridgeway of Smithville says Missouri can turn lemons into lemonade by turning the weak dollar into a plus in negotiations with the Canadian Company. At the time of this writing, the American dollar was worth $1.02 in Canada at the time of this entry.  .   (The legislation is SB 1234 & 1270)