Economic Development Futures Journal

Wednesday, December 10, 2003

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Maybe All the Moving and Shaking is Not Good for Boeing

You may find this recent Fort Worth Star Telegram article about how Boeing is undermining its own credibility to be of interest.

In short, its says that Boeing has made such a big deal about relocating its headquarters (now in Chicago) and now where to put its planned new airplane factory (likely in Everett, WA), but has the company in the final analysis gotten what it wants? Yes, it was showered with public incentive dollars, but it has taken a serious image spill in the public eye, it has ousted its former CEO, it has been investigated by the federal government, and it has wasted lots of people' time and money in chasing its facilities. When you add it all up, did Boeing get what it really wanted?

I think the Fort Worth article makes a good point. I will also add that coming from Fort Worth, which lost in its bid to bring the two Boeing facilities to the Metroplex region sounds a little like sour grapes. Well, that's show biz folks!

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