iowa steel plant — Lorien Times

Gov. Reynolds signs $15 billion steel deal, but not without opposition

Governor Kim Reynolds is selling the people of Lee County a ghost. She signed a bill to give Mesabi Metallics $1.36 billion in tax incentives. She traded public money for a failed promise. The math is a disaster. The state is offering approximately $777,000 in credits per permanent position over ten years. It is a payout to a foreign conglomerate.

By Ray Dombrowski ·