Boeing announced this week that it has selected North Charleston for it's line of 787 Dreamliner jets. Without a union presence and offering grants for start up costs as well as tax breaks, South Carolina beat out Washington State for the plant. The Boeing board voted unanimously to build the operation in Charleston.
According to Boeing, this means about 3800 more jobs in the lowcountry. But thousands of other jobs are anticipated as well from all the support companies that are needed to provide materials for the Boeing Dreamliners. South Carolina unemployment is currently about 10% and it's hoped that Boeing will hire many local people, but there are sure to be those relocating here from out of state as well.
Either way, this could also give a boost to the local real estate market as people move into the area or make the decision to finally buy after landing what should be a good, steady job. The first time buyer tax credit has helped spur some movement in the Greater Charleston market so this may be an additional shot in the arm to keep the momentum going. There are still a lot of great homes on the market and rates remain relatively low which is also good news.
For more information about the Boeing operation coming to North Charleston you can visit the wall street journal link: http://online.wsj.com/article/BT-CO-20091029-723919.html
Maria Pettis
REALTOR, e-PRO
mpettis@century21properties.com
(843) 860-3901
http://www.charlestoncarolinahomes.com/
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