industrial recruitment
Breaking News: Nucor to Build Steel Mill in Louisiana
Charlotte-based Nucor Corp. has announced one of the largest industrial development wins in Louisiana history. Nucor President John Ferriola joined Louisiana Governor Bobby Jindal in making the announcement. The iron and steel project could create as many as 1250 jobs averaging $75,000 annually plus benefits. The capital investment could be as high as $3.4 billion. The recruitment of Nucor has taken several years. Nucor had previously announced that if it built in the United States, it would be in Louisiana. Until today, Louisiana was competing against a site in Brazil. Full story here.
Site Selection, Regional Marketing Presentations at Chamber
The Chamber of Commerce of Central Louisiana and CLEDA hosted a select audience for presentations on economic development regional marketing, ready sites and certified sites in the Chamber's Board Room on Tuesday morning.
Tax Incentives and Job Creation
Business Week reports, "States are doling out billions to woo companies and revive local economies. But their incentives may be undermining America's recovery plan." The article claims that states have given a record $50 billion in tax breaks in the past year. Arthur J. Rolnick, vice president and research director for the Federal Reserve Bank of Minneapolis, says the the increase in tax breaks "undermines the economic union, and it misallocates resources.
