Every once in a while in the Age Of Obama, there is good economic news to report. And the once in a while came today.
Specifically, the proposed Nucor steel plant in St. James Parish isn’t proposed anymore. It’s now going to happen. The nations largest steelmaker will be building a $3.4 billion facility in Convent which will employ some 1,200 people at an average salary of some $75,000 per year.
We’re not crazy about state involvement in “economic development” projects like this one, where public dollars are used as an incentive to get corporations to locate within a given jurisdiction. But if you’re going to engage in that kind of activity, at least be successful with it.
Jindal was successful today. It’s a major feather in his cap. And it will be a big boost to the economy of the River Parishes. It’s great news for the state’s industrial construction sector as well.