MS SB2288

Reduces minimum job creation requirement for aerospace industry businesses from 100 to 50 new full-time jobs, with alternative option to create 100 jobs instead.

Requires all new jobs created to have average annual compensation of at least 150% of the state or county average annual wage (whichever is lower), excluding non-taxable benefits.

Establishes two pathways for aerospace businesses to qualify: either $30 million capital investment with 50 high-wage jobs, or 100 high-wage jobs regardless of capital investment amount.

Expands definition of "aerospace industry" to include custom processing and assembling activities in addition to existing research, design, manufacturing, repair, operations and maintenance.

Effective date is July 1, 2017.