Thursday, March 18, 2004

AK Steel bill wins final passage

The Associated Press

FRANKFORT - Legislation considered crucial to AK Steel's plans to modernize its Ashland plant won final passage Wednesday in the Kentucky House.

The bill would allow companies to seek broader tax incentives under the Kentucky Industrial Revitalization Act.

The House voted 91-0 to send the measure to Gov. Ernie Fletcher.

The bill passed the Senate 37-0 earlier this month.

Middletown-based AK has linked the legislation to its plans for a $65 million modernization of its Ashland Works.

The company also has pledged to retain 900 jobs at the plant.

House members from northeastern Kentucky promoted the bill, stressing AK Steel's importance to the region's economy.

"These are good, solid industrial jobs," said Rep. Tanya Pullin, D-South Shore. "This is a way to keep them."

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