Today State Senator Bob Deig of Mount Vernon offered a proposal that would allow local governments to recover funds if companies move operations or fail to employ the number of individuals promised in the agreement. The clawback provision would allow tax incentives to be recouped and used for other economic development projects or returned to taxpayers.
Deig said his proposal was, in part, in response to the recent announcement by Whirlpool that the company would move the Evansville production operations to Mexico, putting approximately 1,100 local workers on the unemployment rolls.
The proposal was offered as an amendment to Senate Bill 239 and was defeated in the Senate.
Listen to Sen. Deig’s comments from the Senate floor today: