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Iowa’s offer of $81 million in tax breaks and incentives fails to lure global steel producer to expand in Eastern Iowa city October 22, 2008

Posted by John in Business.
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From Oct. 21 (Alabama) Press-Register:

MOBILE, Ala. — SSAB’s steel mill in Mobile County’s Axis community has beaten out the company’s mill in [Montpelier] Iowa as the site for a $460 million expansion that will create 180 new jobs, the company announced this morning. …

Iowa had offered $81 million in tax breaks and incentives to lure the expansion to SSAB’s mill at Montpelier, on Iowa’s eastern edge. …

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