ST. LOUIS COUNTY, MO (January 27, 2021) St. Louis County will issue $45 million in new bonds to fund the expansion of The Boeing Company’s North County facility under legislation that County Executive Dr. Sam Page requested and the County Council endorsed on Tuesday.
“As we focus on vaccine distribution, we also are working to rebuild the economy and Boeing is helping us in those efforts,” Dr. Page said. “Boeing, along with Amazon, has committed to more jobs and expansion in north St. Louis County and we appreciate their dedication to growth in our region.”
Boeing officials say the new facility will improve the company’s advanced manufacturing capabilities. The company builds fighter jets and other equipment for the military.
The plan calls for Boeing to add 30,000 square feet to an existing 65,724 square foot hangar at 6161 Aviation Drive, near St. Louis Lambert International Airport. The expansion will create at least 30 new jobs and help Boeing to retain 12,100 full-time jobs in St. Louis County. Boeing plans to spend $22.5 million on new construction at the hangar and another $22.5 million to install new machinery at the site.
The County’s Chapter 100 bond issuance will provide a 50 percent abatement on real- and personal property taxes on the industrial development over a 10-year period and will exempt sales taxes on construction materials for the project.
“We want to thank St. Louis County Executive Dr. Sam Page and members of the St. Louis County Council for their leadership and support in the passage of the Chapter 100 bonds,” Randell Gelzer, Senior Director for State and Local Government Operations at Boeing, said today. “The $45 million investment in advanced manufacturing capability will posture the Boeing St. Louis site to continue to compete in the global marketplace. Boeing is not only the state’s largest manufacturer, but the company also has a large supplier base in Missouri, and St. Louis County, with annual expenditures exceeding $800 million.”
Construction will begin this fall with completion scheduled for 2022.