Drafter
Clerk 09/27/2011
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AN ORDINANCE making a supplemental appropriation of $130,000 to the office of performance, strategy and budget to help fund the Project Pegasus designed to ensure Boeing's current and future Boeing 737 airplanes are manufactured in Washington State and to fund a complementary study to recommend actions necessary to support and maintain a thriving and globally-competitive aerospace industry in King County in 2011; and amending the 2011 Budget Ordinance, Ordinance 16984, Section 18, as amended.
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STATEMENT OF FACTS
1. The August 2011 unemployment rate for the state of Washington was 8.9 percent.
2. The July 2011 unemployment rate for King County was 8.6 percent.
3. The aerospace industry is fundamental to the Washington state and King County economies.
4. The King County international airport, also known as Boeing Field, which is an international airport owned by the people of King County, is the birthplace of our nation's civil aerospace industry and the center of a world-class manufacturing cluster.
5. In the last century, no industry has done more to create the prosperity of the middle class than aerospace.
6. There are currently 873 aerospace companies in Washington state, with 404 of them located in King County.
7. As of 2007, there were 78,300 engineers, machinists, and other aerospace workers in the Central Puget Sound region with 46,200 of them working in King County.
8. In June, 2011, the Boeing Company raised its world demand estimate over the next 20 years to 33,500 new airplanes worth $4 trillion.
9. The Boeing 737 family is the best-selling commercial jet in history with over 8,400 ordered and 6,300 delivered.
10. The Boeing Renton plant is the most productive airplane plant in the world.
11. On average, there are 367,000 parts and 36 miles of wire on a current Boeing 737 airplane.
12. Competition for the aerospace industry is growing and will become even stronger as cities, states, and countries positi...
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