Boeing’s decision a lifesaver for South Carolina

Boeing’s decision a lifesaver for South Carolina »Play Video
Workers work inside sections of new Boeing 787 planes at Boeing's facility in North Charleston, S.C. Tuesday, Oct. 28, 2009.
CHARLESTON, S.C. -- Boeing's Dreamliner decision will pump more than 3,000 new jobs and $750 million into South Carolina.

It's a windfall for a state with the fifth highest unemployment rate in the country.

There are currently some 2,700 employees working on Boeing projects in North Charleston. That number will likely swell to twice that in the coming years, and the trickle down effect is large and wide.

South Carolina's unemployment rate hit 11.6 percent in September -- a slight boost from August. When Boeing breaks ground next month, the company will help lower that rate by adding construction jobs. And when the plant is finished, about 1,000 more will fill the assembly line.

Ten years from now, more than 6,000 people around Charleston could work on Boeing projects.

"I will tell you this community is so thankful," said David Ginn of Charleston Regional Development.

Area residents are thankful for all the extra money that will flow to most local businesses as Boeing is expected to invest $750 million.

"Which will allow people to stay in their homes or buy homes, which is great which is also wonderful for the community and the real estate industry," said Patty Scarafile, CEO of Carolina One Real Estate.

"We do have a very diverse economy," Ginn said. "It's a very preferred area, because of coastal beauty history; it's a very attractive place."

Boeing will recruit workers from across the country to add to the local talent.

"This is a huge challenge ahead we have to do this right I believe we have our plans in place to do it right," said Tim Coyle of Boeing.