After Solar firm bankruptcy Bryant, MDA promise careful spending
In the wake of the failed Twin Creeks solar plant in Senatobia that received $27.7 million in government incentives, state economic development officials said they’ll be more careful in how they spend tax dollars to help companies.
Based on Gov. Phil Bryant’s directive, Mississippi Development Authority officials said the agency will start requiring companies to have a complete private financing plan before the state pledges money. They said the state will focus government spending on infrastructure and work-force training to help the businesses, less on financing the companies or buying equipment for them.
But the director of the Mississippi Development Authority said the state has a pretty good track record recently with incentives, and people shouldn’t “judge the whole bunch by one bad apple.”
Clarion Ledger
12/12/12
Magnolia Tribune
