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Unprecedented development expected around ThyssenKrupp project.

Publication: Mississippi Business Journal
Publication Date: 28-MAY-07 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
Normally when you have a big economic development project in the wings, different states are fiercely competitive in coming up with the best package of incentives to attract the new industry to their state. But in the recent case of the $3.7-billion ThyssenKrupp AG steel mill that has announced plans to locate 25 miles north of Mobile, both Mississippi Gov. Haley Barbour and Florida Gov. Charlie Crist endorsed Alabama's bid for the plant.

The site in Calvert on the Tombigbee River has the benefit of river transportation, and is also convenient to interstates and railroads. The company received approximately $400 million in incentives for the project.

The steel mill planned by the German conglomerate that will employ some 2,700 people is expected to draw employees from throughout the region and also spark significant spin-off developments.

Barbour recently participated in a regional workforce development conference with Alabama Gov. Bob Riley where it was announced that Alabama and Mississippi have received a joint $15-million federal grant to...

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