Incentive legislation tops agenda as session starts
Gov. Haley Barbour announced yesterday that Wilh. Schulz GMBH will build a $300 million facility in Tunica to manufacture the latest generation of steel pipes used for natural gas and oil distribution. We have a story with the details on the Web site.
The state will issue $15 million in bonds to help the company purchase equipment for the project. Legislation authorizing just that is expected to be among the first things lawmakers do once the 2010 session gavels open at noon today.
Magnolia Marketplace just talked with a couple folks over at the Capitol who expect the legislation to move quickly, and for it possibly to reach Barbour’s desk this afternoon. With all the budget haranguing coming down the pike, lawmakers probably wish everything was this easy.