Boeing announced Friday "that the company invested more than $13 billion in Washington in 2015, reflecting the value Washington taxpayers received from Boeing’s presence in the state." It also "reported $305 million in savings in 2015 via the Washington aerospace tax incentives."

According to Boeing, its $13 billion in investments include:

• Billions of dollars of expenditures for payroll, supplier purchases and capital investments in Washington
• Hundreds of millions of dollars Boeing spent in Washington for taxes
• Over $40 million in community contributions
• Over $30 million towards employee continuing education tuition that includes four-year and masters’ degrees

Boeing offered examples of savings from tax incentives:

• Based upon Boeing’s record number of airplanes delivered in Washington, largely by IAM 751-represented employees, Boeing reported a B&O tax rate reduction of $106 million.
• Based upon Boeing’s investment of billions of dollars in qualified pre-production and development activity performed largely by SPEEA-represented employees in Washington, Boeing reported a B&O Pre-Production tax credit of $106 million.

Boeing noted that "when a state creates competitive policies, its citizens reap tremendous benefits from the economic activity that follows."