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Name:	Rich1979 -	Reply
Subject:	Steel Mill Incentives.
Date:	5/15/2007 1:00:16 PM

Wiil someone explain to me how the taxpayers of Alabama benefited from paying the Germans 811 million dollars for a steel mill that will not have to pay any corporate taxes for 30 years, and only gurantee that they will only emply 2000 people for two years.
If they emplyee 2700 people that is over $300,000 per job.
What am I missing?

Name:	Pier Pressure -	Reply
Subject:	Steel Mill Incentives.
Date:	5/15/2007 2:53:35 PM

My guess is that the incidental income will equal the loss (they have to ship their goods, purchase energy resources locally, employees will buy houses and make purchases in the local economy, the added money will require further infrastructure, more restaurants, etc.)

Name:	head -	Reply
Subject:	Steel Mill Incentives.
Date:	5/15/2007 7:36:48 PM

This will be the largest industrail complex in the south. It will employ 30000 to 35000 3 to 4 years The port will double in size. already talk about a press mill to go along with it. We fussed about the give aways to get the 1st auto plant. I think it will be great for AL.

Name:	rude evin -	Reply
Subject:	Steel Mill Incentives.
Date:	5/15/2007 10:09:19 PM

In economic development circles, projects like this generally are thought to have a multiplier factor of about 7 times, meaning that money spent will turn over in a given community about 7 times before it peters out. I would think that this project would be a good bet for a high turnover when you consider that suppliers will want to locate as close as possible along with other ancillary providers of goods and services. The real questions tax payers probably should want to ask are, did they offer the absolute minimum they could and still get the big prize, will this cause a burden on local communities that the state will not help with and are the local communities ready for the unprecedented changes these type projects will bring about.

Name:	bug -	Reply
Subject:	why we're giving it away
Date:	5/15/2007 11:07:41 PM

Because if AL didn't, LA would.

Name:	Osms -	Reply
Subject:	Another example
Date:	5/15/2007 11:48:10 PM

Harrah's casino just announced a replacement casino project in Biloxi that will cost $1Billion, be ready in a couple of years, employ 2000-3000, pay all their owed taxes, plus 12% to state on their winnings, and the state gave them $0000.00. Gee, who gets the best deal AL, LA, or MS??

Name:	JohnGalt -	Reply
Subject:	Another example
Date:	5/16/2007 8:28:03 AM

Were Alabama or Louisiana competing for the casino?

Name:	Osms -	Reply
Subject:	Competing??
Date:	5/16/2007 8:36:41 AM

My point is: You don't have to give away $2Billion in cash and future taxes to get new jobs and state revenue. BTW, Louisiana and Alabama offered basically the same amount of payola--the Germans just couldn't stomach the corruption of Louisiana.

Name:	Tallyman -	Reply
Subject:	Competing??
Date:	5/16/2007 10:37:22 AM

Wonder how they will stomach the corruption in Alabama.

Name:	Osms -	Reply
Subject:	It's less expensive!!!
Date:	5/16/2007 12:42:30 PM

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