Gov. Nikki Haley has signed legislation to give the Boeing Co. $120 million in incentives for its expansion plans in South Carolina.
Haley's spokesman Rob Godfrey told The Associated Press that the governor signed the bill into law Tuesday afternoon.
The measure moved quickly through the Legislature after Boeing announced two weeks ago it would invest another $1 billion and create 2,000 new jobs over eight years in North Charleston. The House gave final approval last Thursday.
The borrowing bill covers Boeing's upfront costs of buying and improving the land. The company's complex in North Charleston already employs about 6,000 people.