Arkansas competes for auto plant | Arkansas Blog

Friday, August 18, 2017

Arkansas competes for auto plant

Posted By on Fri, Aug 18, 2017 at 8:37 AM

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USA Today reports that Arkansas is one of 15 states vying for a $1.6 billion auto plant, a joint venture by Toyota and Mazda that could employ 4,000.

How high will the corporate welfare bidding go to land this plant? I noticed this sentence in commentary from the Des Moines Register on Iowa's effort:

With a fraught state budget, can Iowa afford the millions in incentives likely needed to win a large-scale auto assembly plant?
Good question.

Mississippi paid $358 million for a Toyota plant in 2011. That's probably chump change today. Wisconsin just doled out $3 billion to land a maker of LCD screens. The payback will take decades at the full employment figure promised.

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