Legislature Takes Up Industrial Incentives

MONTGOMERY (AP) - Governor Riley is facing some Democratic opposition in his plan to borrow as much as $400 million to finance industrial recruiting.

Riley has called legislators into a special session that starts Monday. He wants them to let the state borrow money to offer incentives for industrial recruits including a company that may build a steel mill near Mobile worth nearly $3 billion.

But Democratic state Sen. Roger Bedford of Russellville is questioning the proposal. He says Riley has given legislators few details of the plan. And Bedford says lawmakers aren't going to give the governor a blank check with no accountability.

In speeches across the state, Riley says Alabama is competing
for 10 major industrial projects that could provide 10,000 jobs.

The projects include a plant in the Muscle Shoals and Tuscumbia area that would employ 1,500 and another in the Montgomery area with more than 500 jobs.

(Copyright 2007 by The Associated Press. All Rights Reserved.)

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