RALEIGH, N.C. (AP) — A year after investors backed by Alcoa Inc. dropped a proposal for hundreds of new jobs at a closed North Carolina aluminum smelter, a similar, incentive-packed project in Mississippi is having trouble starting.
Former Nucor Corp. CEO John Correnti and other investors said last December they were scrapping plans to bring 450 direct and related jobs to the former Alcoa smelter where about 1,000 once worked.
Landing the jobs required agreement from North Carolina officials to allow Alcoa a multi-decade dam license worth billions of dollars.
Correnti says he thinks he would have had some of the same problems pulling together financing for the North Carolina operations that now risk scuttling a similar Mississippi project backed with about $80 million in promised incentives.
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Emery Dalesio can be reached at http://twitter.com/emerydalesio
