Bentley Supports Borrowing for Economic Development

By: The Associated Press

Posted: Sat 1:21 PM, Sep 22, 2012

Governor Robert Bentley is backing a change that would allow Alabama's government to borrow money to pay for efforts to lure jobs to the state.

That measure is the second of 10 state constitutional amendments on the Nov. 6 election ballot. It would allow Alabama to issue bonds worth $130 million to pay for economic development incentives.

The Mobile Press-Register reports that Bentley told an audience that Alabama must compete with other states. He said that if Alabama cannot offer companies incentives, it "will not be in the game."

Bentley said he plans to campaign in support of the amendment ahead of the election.

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