News

Our View: A better approach to economic development

November 28, 2016

For too long, bringing economic development to our state has been a one-side negotiation.

It is no secret the Mississippi, among the poorest states with chronically high unemployment, has gone to the table with an unmistakable air of desperation — a sign of weakness that companies are quick to note.

Too often, we find, the “whatever it takes” approach has produced jobs, but at a staggering cost. Each deal seems to bring bigger and bigger incentives through tax breaks that rob the state of much-needed revenue.

This hasn’t been the case so far for a planned project by Southern Cross, which intends to file for permission from the Mississippi Public Service Commission to build a wind power transmission line across the state, part of a $1.3 billion project that starts in Texas and ends in Caledonia.

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