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Economic development special session set for Friday (Updated)

Gov. Haley Barbour announced this morning that there will be a special session Friday for lawmakers to deal with an incentive package for at least one economic development project, maybe two.

The details of each will not be unveiled until Wednesday.

As is his custom, Barbour released little to no details about the projects. He said it will be Wednesday before we’ll know if lawmakers will deal with an incentive package for one project, or two.

“We’re not sure the other will be ripe by Friday,” Barbour said. If it isn’t, it will be at the top of the list for the regular session that starts in January, he said.

When the Legislature passed that $420 million bond bill toward the end of the last session, there was some money earmarked for future economic development projects, with the intent of having the money in place to avoid a special session. Barbour said Monday morning that neither of these projects was eligible for that. When the bill passed in April, Barbour said he was under the impression that one of the projects was going to Ohio, and the other wasn’t even on the radar.

“Both of these involve large (private) capital expenditures and large job numbers,” Barbour said.

That’s about all we know right now.

UPDATE: This may provide a clue about at least one of the projects, from the Columbus, Miss. Commercial Dispatch: http://www.cdispatch.com/news/article.asp?aid=12724&sort=d#ixzz1WXRsSp6S

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