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Ranchers.net

Blanco hopes $300 million incentive will attract steel mill
12/10/2006, 7:56 p.m. CT
By MELINDA DESLATTE
The Associated Press

BATON ROUGE, La. (AP) — A bid to lure a German steel mill and its 3,000 new jobs to Louisiana could cost the state upward of $300 million, under spending plans sought by Gov. Kathleen Blanco.

The governor wants lawmakers meeting in a pre-holiday special session to earmark that cash in a durable goods manufacturing fund as her economic development staff tries to attract ThyssenKrupp Steel AG to a site along the Mississippi River between Baton Rouge and New Orleans.

"Right now, this month, they are looking for a strong signal that Louisiana is serious about wanting their investment. If we don't fight for this, if we don't send a message to the nation that we are in the economic game, we're going to be out of it," she told lawmakers, as she pitched the spending plans to them
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