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Article: Allen County, Ind., Officials' Offer to Steel Dynamics Falls Short.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- July 17, 1998
- Author:
CopyrightCOPYRIGHT 1998 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Knight Ridder/Tribune Business News
FORT WAYNE, Ind.--Jul. 17--Allen County officials had offered a $9.3 million incentive package to Steel Dynamics Inc. when company officials said the county would have to up the ante by another $5 million if it wanted to remain in the running for SDI's new $255 million structural steel mill.
Allen County upped its offer by only $3 million, and a question remains: Were Allen County officials slack negotiators by offering a lower-than-requested incentive package, or were they just playing hardball in a tough business world?
About 285 jobs were on the line, with salaries of about $55,000 each. But the county's offer ...