Plano City Council on Monday approved the funding to help attract the airplane manufacturing giant, which announced in April it plans to lease space at Plano's Legacy West development for its global services CEO and some of his leadership team and support staff.
Boeing had previously said it plans to open the office in July.
As part of the incentive agreement, the city would reimburse Boeing for up to $100,000 in relocation and occupancy expenses at the new facility. The city would grant an additional $80,000 if the company locates 40 employees at the Plano office by the end of the year, and up to $20,000 if that employee number rises to 50 by the end of 2018.
Boeing has agreed to occupy at least 15,000 square feet of space at Legacy West, according to the agreement. It also plans to add $1.5 million in real property improvements and $700,000 in business personal property improvements.
The company’s corporate headquarters will remain in Chicago, Boeing spokesperson Lisa Maull told Community Impact Newspaper in April. Commercial operations will remain at the company’s Seattle office, while its defense operations will continue to operate from its Washington, D.C., office, she said.