The future of Boeing’s 797 aircraft which is known as the New Mid-Market Airplane (NMA) may lead to greater Washington State economy if the sector has a historical background in aerospace production. Therefore, the outcome of this decision may not lie in the quantity to be produced but in what follows in the areas of employment, employment, infrastructure development among others.

 1. Looking at Job Creation and Workforce Development.

Washington State is already an important location for Boeing Company and the potential of being selected for manufacture of the 797 will help strengthen aerospace personnel employment. In overall, the creation of the new facility is expected to generate thousands of direct employment opportunities including engineers, technical drawing and design personnel, certified assemblers, electrical and electronics technicians, tool makers and operators amongst others. In addition, indirect employment in sectors that exist around industries such as suppliers and logistics are other opportunities that would be in high demand thus creating employment for other thousands of people.

 For example, currently there are several attempts at branding Greater Spokane as the manufacturing capital. It is capable of radically changing the area into a very competitive production hub of space-generation vehicles. The infusion of new jobs would equally help in minimizing the levels of unemployment and also diversify the local economy. 

 Further, workforce development programmes would receive fresh funding, with a focus on teaching qualified workers in highly technical areas such as Boeing’s 797 manufacturing process, robotics and engineering. Such developments should place Washington State as a future-oriented aerospace innovation center rather than merely a manufacturing platform.

2. Infrastructures and Impact of Investments

New plants and expansions of the existing structures in the manufacturing areas would demand a couple of billion dollars. Washington State has already made assertive attempts to woo Boeing especially with regard to promoting the retirement of old facilities and preparation to build new ones (GeekWire). To avoid any interference local governments often put too much effort and resources into transportation, utilities and communication means. 

 The long-term economic effects cannot be overemphasized since the growth areas associated with the economic multiplier have the potential to generate significant economic benefits. They would be major structural upgrades that would also benefit the aerospace industry or Boeing as well as other industries across the region. For instance, an improved transportation system could encourage new investments in the region thus promoting trade and commerce. The positive impact might extend into retail, hospitality and real estate industries hence fuelling the economic growth. 

 But these developments are not without corresponding problems. These infrastructural developments would have to be handled by local governments with caution so as to prevent an immersion of high costs which would be detrimental to developers, and ensure that the returns are spread throughout the community. If not well planned the development could be biased in that some areas would be more benefited than others which would leave small community groups behind.

 3. Importance of a Country in the Global Competitiveness Scale

Compulsory acquisition of $3. 5 billion to finance the construction of the new 797 in Washington would not only affect Boeing but also the whole world (The Business Journals). As the aerospace giant gears for competition with rivals such as Airbus, the choice of Washington as the production hub would convey a strong message about the state’s ability to host complex and sophisticated projects. Boeing has its origin in Washington, and this continuity of business would ensure that the region is well positioned in the global market in aerospace industry. 

 At the same time, competitive pressure exists, and it is high. As it is reported, Washington State could face competition from other regions willing to offer similar attractive stimuli. To win this bid, Washington would have to demonstrate why this case would be the most persuasive, they argued – based on its skilled talent pool, aerospace facilities and experience with Boeing.

4. The Economic Risks and Issues that should be Resolved for Taking the Environmental Issues into Consideration

However, potential risks have to be considered too. It is evident that there are certain economic benefits that can be derived from the investments in green technology. The risk of overdependence on a single company in terms of employment and economy can be very much a dangerous thing. There have been some problems in Boeing in recent years and in this context any fluctuations in its business might lead to a stronger response in Washington.  

Also, concern for the environment is getting in the mainstream focus while manufacturing aerospace products. Washington State has strict environmental laws and Boeing is understood to have complied with the laws. However, this would guarantee sustainability, which on the other hand could slightly increase the production costs making Boeing to consider other states other than Washington. Hence, achieving a balance between the economic booster and environmental consideration will be a decisive factor in ensuring this project (Aerospace Global News).

Conclusion

The possible production of Boeing 797 in Washington State brings promising factors such as economic growth, job creations, and advancement in technologies. It would reaffirm the state’s aerospace prowess while creating new infrastructure jobs and growing local skills as part of the supply chain. However, this project is not without its risks and challenges which Washington should consider in order to fully unlock the investment benefits; Boeing overdependence Washington must avoid one firm dependence and environment pollution and economic risks are other issues Washington needs to consider.

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