AFP-MS: Legislature should not rush into ‘economic development’ projects

Feb 4, 2016 by AFP

JACKSON, Miss. —  Americans for Prosperity Mississippi, a grassroots advocate for economic freedom, expresses concern about rushed economic development decisions.

“Mississippi is using taxpayer dollars and taxpayer backed debt to give private corporations huge incentive packages that are reserved for a select few,” said AFP State Director Russ Latino.  “These deals tend to make big splashes when announced, but they often end in unfulfilled promises, and in the worst cases, hundreds of millions in losses on now belly up businesses like the Beef Plant and Kior.”  

“On a day’s notice, without any chance for real investigation or inquiry, the Mississippi Legislature is being asked to clear the way for taxpayer backed handouts that, based on our information, may extend well into the nine figure category. We believe that’s unfair to the Legislature, but more importantly, is unfair to the Mississippi taxpayer,” Latino continued.  “At the end of the day, Mississippi’s economy will grow when we stop trying to manipulate it by picking winners and losers and create an atmosphere that rewards hard work and innovation.”  

For further information or an interview, please contact Russ Latino at rlatino@afphq.org or 601.760.0308.

Americans for Prosperity (AFP) exists to recruit, educate, and mobilize citizens in support of the policies and goals of a free society at the local, state, and federal level, helping every American live their dream – especially the least fortunate. AFP has more than 2.8 million activists across the nation, a local infrastructure that includes 35 state chapters, and has received financial support from more than 100,000 Americans in all 50 states.  For more information, visit www.AmericansForProsperity.org

###