Thursday, January 27, 2005
Incentives sought for steel plant
The Clarion-Ledger
Mississippi lawmakers are drafting a bill that could allow up to $25 million in incentives to a steel company in hopes it will build a $650 million plant in Lowndes County and bring up to 450 jobs to the area.
The company, SteelCorr, would invest about $250 million in construction and between $400 million to $450 million for equipment, said Rep. Jeff Smith, D-Columbus, who sits on the Ways and Means Committee that will take up the bill.
Mississippi lawmakers are drafting a bill that could allow up to $25 million in incentives to a steel company in hopes it will build a $650 million plant in Lowndes County and bring up to 450 jobs to the area.
The company, SteelCorr, would invest about $250 million in construction and between $400 million to $450 million for equipment, said Rep. Jeff Smith, D-Columbus, who sits on the Ways and Means Committee that will take up the bill.
