USA Today reports
is one of 15 states vying for a $1.6 billion auto plant,
a joint venture by Toyota and Mazda
that could employ 4,000.
How high will the corporate welfare bidding go to land this plant? I noticed this sentence in commentary from the Des Moines Register on Iowa's effort:
With a fraught state budget, can Iowa afford the millions in incentives likely needed to win a large-scale auto assembly plant?
Mississippi paid $358 million for a Toyota plant in 2011. That's probably chump change today. Wisconsin just doled out $3 billion to land a maker of LCD screens. The payback will take decades at the full employment figure promised.