$129,615 Per Job

Public sector incentives to be used to bring a Louisiana-Pacific wood products plant to Clarke County, Alabama are expected to amount to $129,615 per job; putting the offer on par with the state's successful bids for automakers. The per-job cost for the expected 130 positions is more than that involved during the Honda and Hyundai deals, but less than that of Mercedes-Benz in 1993.

That strikes me as a lot of money. The M-B and Honda deals have worked out for Alabama. The question is whether Louisiana-Pacific has the same potential to stimulate economic growth. communities everywhere are being asked to pony up with big bucks. I advise all my clients to exercise caution in this arena these days, given the court pressures mounting in Ohio and others to curb the use of these programs

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