Consultants question steel mill incentives

    8:07 PM, Mar 22, 2013   |    comments
    Arkansas State Capitol, Little Rock
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    LITTLE ROCK, Ark. (AP) - Consultants hired by the state Legislature say the size of the incentives Arkansas is offering to lure a $1.1 billion steel mill erode some of the benefits the state would otherwise see from the project.

    Legislative officials on Friday released a pair of reports by consultants reviewing the proposed incentive package being offered to for the proposed Big River Steel mill in Osceola. Gov. Mike Beebe has asked lawmakers to approve a $125 million financing plan for the project.

    Regional Economic Models, Inc. said its biggest concern surrounding the project is a recycling tax credit the state is offering the facility that would be worth $216 million over 14 years.

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