by Max Brantley
Sour grapes or important cautionary words?
Judge for yourself. The Mississippi Business Journal reports on the Big River Steel proposal for Arkansas, which Mississippi had also sought. It raises questions about developer John Correnti's track record and, maybe more important, about the steel market generally. It includes strong defense from the Arkansas economic development corner.
It is, to me at least, undeniably healthy to have a full debate on state investment of $125 million-plus in a private enterprise that will compete with existing, less-subsidized businesses.