State Legislators Working to Pass Incentive Package for Steel Company

Legislators spent time Tuesday focusing on trying to pass an incentive package to try to lure that $3 billion steel mill to Louisiana instead of Alabama.

The Germany company touting the mill will decide Friday which state to locate in.

Governor Blanco is asking lawmakers to approve a total of $400 million worth of incentives for the mill.

But lawmakers also must agree to spend above the state's annual spending limit, so the steel mill can get the money.

That's expected to easily be approved.

In fact, the proposal sailed through a House committee Tuesday morning.

The package will probably not reach Blanco's desk by Friday, but she says the fact it's easily moving through the Capitol should send a good signal to the steel company.