This article from NYTimes.com has been sent to you by psa188@xxxxxxxxx /-------------------- advertisement -----------------------\ Explore more of Starbucks at Starbucks.com. http://www.starbucks.com/default.asp?ci=1015 \----------------------------------------------------------/ Washington Offers Boeing $3B in Tax Cuts June 18, 2003 By THE ASSOCIATED PRESS Filed at 2:17 p.m. ET OLYMPIA, Wash. (AP) -- Washington state on Wednesday put out a $3 billion welcome mat for Boeing. Gov. Gary Locke, surrounded by legislators, business and civic leaders and aerospace union officials, signed a hefty package of tax breaks for the state's entire aerospace industry -- contingent on Boeing building its new 7E7 ``Dreamliner'' jet here. The tax package, rushed through the Legislature last week as a last-minute sweetener to the state's bid, is a key feature of the state's sales pitch to keep Boeing assembly work here, the governor said. The state is putting finishing touches on a multimedia bid proposal that will go to Boeing officials and site-selection consultants in Seattle, Chicago and South Carolina on Friday. State trade Director Martha Choe and Locke said they're optimistic that Washington will be selected -- either Everett, where the company already assembles jets in the world's largest manufacturing facility, or Moses Lake in Eastern Washington, where the company owns land at a former Air Force base. The package includes a 40 percent cut in business taxes, sales taxes, research and development tax credits and lower property taxes. Washington has no corporate or individual income tax. The phased-in breaks are worth about $400 million over the next six years and potentially an estimated $3.2 billion over 20 years. Boeing officials were not present for the ceremony Wednesday and haven't directly commented on the tax package. ^------ On the Net: Boeing: http://www.boeing.com Governor: http://www.governor.wa.gov Legislature: http://www.leg.wa.gov http://www.nytimes.com/aponline/business/AP-Courting-Boeing.html?ex=1056964377&ei=1&en=6e18acb655efc627 --------------------------------- Get Home Delivery of The New York Times Newspaper. Imagine reading The New York Times any time & anywhere you like! Leisurely catch up on events & expand your horizons. Enjoy now for 50% off Home Delivery! Click here: http://www.nytimes.com/ads/nytcirc/index.html HOW TO ADVERTISE --------------------------------- For information on advertising in e-mail newsletters or other creative advertising opportunities with The New York Times on the Web, please contact onlinesales@xxxxxxxxxxx or visit our online media kit at http://www.nytimes.com/adinfo For general information about NYTimes.com, write to help@xxxxxxxxxxxx Copyright 2003 The New York Times Company