Bringing new industry into your state is often an expensive undertaking, full of tax breaks and other financial incentives. But as APR’s Alex AuBuchon reports, Alabama may start looking for results before handing over any cash... Governor Bentley is looking at changing how the state of Alabama tries to lure new business and industry to the area.That’s what he told an audience today at the Economic Development Association convention in Montgomery. He says that traditionally the state has offered financial incentives to companies interested in relocating before a plant or facility is built. But the new system Bentley will propose to Alabama’s legislature will tie those incentives to job creation and productivity – performance markers for businesses to hit. Encouraging job creation serves Bentley’s own self-interest. He has never drawn a salary as Governor, and according to his 2010 campaign promise, he won’t until unemployment in the state hits 5.2 percent. I’m Alex AuBuchon, APR news.
↧
