Siegelman Economics

By: Associated Press
By: Associated Press

Don Siegelman says Alabama is losing big automakers to neighboring states and the first step to leading the nation in the automotive industry is recourting companies that already have established manufacturing plants in the state.

Its part of his economic initiative he outlined yesterday.

Siegelman, appearing at a news conference, said he also plans to revitalize Alabama's family farms, draw federal grants to rebuild rundown towns and provide tax incentives and low interest loans to
encourage the development of small businesses.

Siegelman contends the Riley administration reaped the benefits of his negotiations for the four automotive plants in Alabama -- Mercedes-Benz, Toyota, Honda, Hyundai -- but allowed the state to lose momentum in recruiting more plants.

Siegelman faces Lt. Governor Lucy Baxley and Pelham attorney Harry Lyon in the June sixth Democratic primary.

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