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Corporate welfare

Tuesday, August 12, 2014

Tuesday, August 12, 2014 - 11:52:00

Nucor sues to stop Big River Steel plant in Mississippi County

Nucor Steel Arkansas and Nucor Yamato Steel, which operate steel mills near Blytheville, have filed suit in federal district court in Jonesboro to stop construction of the Big River Steel mill, an operation heavily subsidized by state and local tax money that's a venture by Nucor's former boss, John Correnti.

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Wednesday, December 18, 2013

Wednesday, December 18, 2013 - 11:11:00

HP announces 200 jobs in Conway; still short of pre-layoff targets

Gov. Mike Beebe and Conway officials announced with great happiness today that Hewlett Packard would add 200 technical jobs to its operation in Conway.

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Thursday, October 24, 2013

Thursday, October 24, 2013 - 10:54:00

Barry Hyde's bad start for county judge campaign

Barry Hyde announced yesterday for county judge. He was a competent and engaged state legislator and runs a successful construction business.

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Thursday, October 24, 2013 - 07:21:00

Private business gets its nose in government's tent: See LR Chamber and Tech Park

I recommend this reporting by the Center for Public Integrity because the ills it highlights are already creeping into Arkansas.

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Friday, August 30, 2013

Friday, August 30, 2013 - 13:41:00

$2.5 million to be refunded from subsidies for failed Nordex wind turbine plant in Jonesboro

The state of Arkansas will be repaid $2.5 million in subsidies paid to help Nordex USA start a wind turbine manufacturing plant in Jonesboro.

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Tuesday, May 14, 2013

Tuesday, May 14, 2013 - 08:57:00

Catholic Diocese aims to strengthen religious identity of hospitals

A friend notes a news article in the Arkansas Catholic and the coincidence of timing with discussions about a merger of clinical operations of the public University of Arkansas for Medical Sciences and St. Vincent Infirmary.

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Friday, March 29, 2013

Friday, March 29, 2013 - 07:34:00

Prospects good for steel mill subsidies

Sounds like this turkey is cooked. Direct support by House Speaker Davy Carter and slightly qualified support by Senate President Michael Lamoureux would make it appear Gov. Mike Beebe is going to get his big state subsidy to help a startup steel mill operation in Mississippi County, despite stout opposition from an existing competitor that cranked up here without such millions in taxpayer help.

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Friday, March 22, 2013

Friday, March 22, 2013 - 07:02:00

Corporate welfare: Let's review all as carefully as steel mill

The careful review of a major taxpayer investment in the proposed Big River steel mill is nothing but a good thing and there's no debate we can thank the new Republican legislative majority for the oversight.

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Thursday, March 21, 2013

Thursday, March 21, 2013 - 08:22:00

Nucor steps up opposition to steel mill subsidies UPDATE

Nucor, the big steel producer with a mill in Mississippi County, is increasing its attack on the state proposal to give tens of millions in subsidies to a startup competitor run by a former Nucor executive.

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Friday, February 1, 2013

Friday, February 1, 2013 - 10:56:00

More Mississippi press on Big River Steel

Sour grapes or important cautionary words? Judge for yourself.

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Thursday, January 24, 2013

Thursday, January 24, 2013 - 18:09:44

Lawsuit filed over chamber of commerce spending

THIS IS NOT FOR PUBLICATION YET A taxpayers' lawsuit has been filed challenging expenditure of tax money by the cities of Little Rock and North Little Rock — cumulative millions over the last 20 years — to support local chambers of commerce.

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Thursday, January 24, 2013 - 07:17:18

Corporate welfare shell game

Mentioned this earlier, a new report on the billions spent by states to move jobs from one state to another, rather than spending money to create truly new jobs.

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Tuesday, January 22, 2013

Tuesday, January 22, 2013 - 20:56:01

Conway stands up for people against corporations

Jennifer Pierce reports that the Conway City Council voted 7-0 tonight in favor of a resolution that says corporations are not people.

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Tuesday, January 22, 2013 - 10:15:47

Super projects: When economic development is poaching

Arkansas still waits for how much money Gov. Mike Beebe wants from taxpayers to land a super project with many new jobs, said to be almost a certainty.

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Friday, December 14, 2012

Friday, December 14, 2012 - 10:10:18

New study warns of corporate welfare peril

Thanks to Republican Rep. Duncan Baird for calling my attention on Twitter to a new Pew study on the perils of corporate welfare — state tax incentive programs to lure business that can grow to crippling revenue drains.

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Wednesday, November 21, 2012

Wednesday, November 21, 2012 - 14:30:12

Little Rock budget increases subsidy to Little Rock Chamber

I erupted last night when I discovered the proposed Little Rock city budget for 2013 included a new appropriation directed toward the Little Rock Regional Chamber of Commerce.

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Wednesday, October 3, 2012

Wednesday, October 3, 2012 - 12:48:17

Corporate welfare a loser for Alabama on steel mill

There's an Arkansas angle here in a tale of corporate welfare that appears to be playing out poorly.

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Wednesday, June 20, 2012

Wednesday, June 20, 2012 - 09:38:28

Accounting for corporate welfare: Arkansas lags

A friend sent me a recent blog post by Jim Hightower on corporate welfare and the practice in 16 states, including Arkansas, that allows corporations to deduct state income taxes from workers and deposit it — not with the state — but directly in their own bank accounts.

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Monday, June 4, 2012

Monday, June 4, 2012 - 11:15:03

Beebe: 'Un-American' to oppose tax break for wind energy

Gov. Mike Beebe will certainly dance with the industry that has brought jobs to Arkansas.

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Tuesday, May 29, 2012

Tuesday, May 29, 2012 - 08:59:21

UPDATE: Regional film alliance planned

An announcement is scheduled today about a new "public-private" alliance to encourage Arkansas as a place for film and "digital content" production.

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