Louisiana Loses ThyssenKrupp $4.2B steel plant
by MATT MOORE - Associated Press (LA) (excerpt)

FRANKFURT, Germany (AP) — Steelmaker ThyssenKrupp AG said Friday it will build a new $4.19 billion steel plant in Alabama, which has attracted other German companies including DaimlerChrysler AG in recent years.

The plant — scheduled to open in 2010 and employ as many as 2,700 workers when fully operational — will be near Mobile. The company was lured by several tax breaks and a $400 million incentives package.

The Duesseldorf-based company chose Alabama over Louisiana, which also had offered tax breaks.

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LPNS COMMENTARY: HOW LONG DO YOU THINK IT WILL TAKE THE LEGISLATORS TO FIGURE OUT HOW TO SPEND THE $1,000,000,000 IN INCENTIVES WE WERE GOING TO GIVE THEM?