date:Sep 07, 2012
million to lure Orascom, though state officials said this was still less than was offered by Illinois. The plant will create an estimated 165 permanent jobs, along with 2,500 construction jobs over the next three years.
Mr Sawiris said in an interview that his company rejected Illinois's overtures because of fears that corporate tax rates would increase as the state tries to tackle its huge budget deficit. Companies including CME Group Inc. and Sears last year threatened to relocate from Illinoi