NORTH CHARLESTON, SC (WCSC/AP) - Governor Nikki Haley took to social media Tuesday morning to announce Boeing's expansion in North Charleston.
The governor posted on Facebook, "Celebrating this morning as Boeing, a great American company, invests $1 billion in our state creating 2000 additional jobs. It's another great day in South Carolina!"
According to the Associated Press, the expansion will take place over the next eight years.
Company spokeswoman Candy Eslinger on Tuesday confirmed the expansion at the company's $750 million 787 assembly plant in North Charleston. The first 787 made in South Carolina rolled off the assembly line a year ago.
Eslinger says that the company is committed to the investment to qualify for economic development incentives being proposed this week in the state General Assembly.
State Sen. Hugh Leatherman introduced a measure on Tuesday for the state to provide $120 million in incentives to the company to offset Boeing's upfront expansion costs, like site preparation and utility expenses.
Commerce Secretary Bobby Hitt says the incentive package is very similar to one the state offered BMW when its plant in the Upstate expanded after originally opening in the 1990s.
"We appreciate the strong support Boeing has received in South Carolina since we began expanding our presence and investments here just a few years ago. The South Carolina business environment is one of the things that attracted us here originally. We are proud of our partnership with the state and the mutual benefits we have achieved working together for the people of South Carolina, the customers who fly our airplanes, and for Boeing," Eslinger said.
Eslinger said Boeing forecasts roughly 34,000 commerical airplanes will be required over the next 20 years.