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Old 05-05-2022, 03:05 PM
 
Location: Chicago, IL
2,752 posts, read 2,368,923 times
Reputation: 3150

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Company says it will maintain a "significant" presence in the Chicago area, but is officially moving its global headquarters to the DC area.

Boeing moved its HQ from Seattle to Chicago in 2001.

https://www.nbcchicago.com/news/loca...icial/2825160/
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Old 05-05-2022, 04:42 PM
 
Location: Chicago, IL
8,851 posts, read 5,776,538 times
Reputation: 11467
A huge loss for the city. It will need to gain a major company to make up for this.
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Old 05-05-2022, 07:37 PM
 
4,633 posts, read 3,431,239 times
Reputation: 6322
Interesting. Timing is sus.
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Old 05-06-2022, 02:24 AM
 
548 posts, read 396,659 times
Reputation: 836
Quote:
Originally Posted by personone View Post
A huge loss for the city. It will need to gain a major company to make up for this.
Not really, it was always a few hundred C-Suite jobs. It's not like they were a huge local employer providing thousands of living wage jobs with Chicago being their manufacturing hub. They never expanded their presence in 20 years. They are leaving when the tax breaks run out and DC makes a lot more sense than Chicago with them relying so heavily on government contracts. The worst part is the PR and hopefully this doesn't start a spiral effect. As for Boeing itself I doubt it's felt either way.
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Old 05-06-2022, 06:37 AM
 
5,069 posts, read 2,146,319 times
Reputation: 5153
Quote:
Originally Posted by CCrest182 View Post
Company says it will maintain a "significant" presence in the Chicago area, but is officially moving its global headquarters to the DC area.

Boeing moved its HQ from Seattle to Chicago in 2001.

https://www.nbcchicago.com/news/loca...icial/2825160/
Do not blame them
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Old 05-06-2022, 07:03 AM
 
74 posts, read 65,783 times
Reputation: 204
After how much fanfare Chicago made landing this HQ back in the day this is absolutely a blow no matter what people say.
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Old 05-06-2022, 07:45 AM
 
377 posts, read 267,877 times
Reputation: 773
Quote:
Originally Posted by IronWright View Post
Not really, it was always a few hundred C-Suite jobs. It's not like they were a huge local employer providing thousands of living wage jobs with Chicago being their manufacturing hub. They never expanded their presence in 20 years. They are leaving when the tax breaks run out and DC makes a lot more sense than Chicago with them relying so heavily on government contracts. The worst part is the PR and hopefully this doesn't start a spiral effect. As for Boeing itself I doubt it's felt either way.
Its Boeing headquarters and they have their own tower so it can't "Only" be a few hundred C-Suite jobs. There's also nothing said about "tax breaks running out." 20 years of tax breaks ran out and Illinois isn't renewing them but their new location is? Provide a evidence.
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Old 05-06-2022, 08:10 AM
 
1,067 posts, read 897,977 times
Reputation: 1870
Chicago, Cook County and Illinois awarded Boeing more than $60 million in tax and other incentives over 20 years to relocate. Those credits have expired or will expire at year-end, though Boeing will receive 2021 funds next year, the spokesperson said.

The incentives, which were temporarily swept up in a trade spat with Europe's Airbus over mutual claims of unfair support, required Boeing to keep 500 full-time employees at the office.

Boeing reported 513 full-time employees in Chicago for 2020, a city spokesperson said.

Boeing also employs thousands of people in Chicago and the Metro East region in southern Illinois near St. Louis, a state spokesperson said.

But analysis last year by the Better Government Association, which scrutinizes Illinois state decisions, found that Boeing fell short of the 500-employee mark in at least four years.

https://www.reuters.com/business/aer...ft-2021-10-07/
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Old 05-06-2022, 08:11 AM
 
Location: Sweet Home Chicago!
6,703 posts, read 6,396,681 times
Reputation: 9877
Another feather in lightfoots cap.
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Old 05-06-2022, 08:16 AM
 
5,069 posts, read 2,146,319 times
Reputation: 5153
Quote:
Originally Posted by flamadiddle View Post
Another feather in lightfoots cap.
It is a LOT of feathers already too my god!
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