On Thursday Dave Stickler, an investing partner with Clean Tech, talked to the Stanly News and Press about the jobs that could have come to Badin last year.

“We have selected a site in Mississippi directly across the street from the $880 million project John Correnti and my firm financed and built several years ago.”

Stickler went on to say an economic incentive package with the state of Mississippi is being finalized for the Lowden County site.  “The new project will include the silicon metal production but will not include the rebar mill that was proposed for Badin.  We continue to have discussions with other states and power companies regarding the rebar mill.”  (Read the full story)

UPDATE:  May 7 Follow up article in the SNAP.

Alcoa had brought the Clean Tech job offer to Stanly County.  It would have involved a $300 million investment and 450 high paying jobs to be located at the Badin Business Park, site of the old aluminum smelting plant.

In May 2011, with significant support and investment from Alcoa, Electronic Recyclers International (ERI) began development of a southeastern regional recycling hub at the Badin site which is expected to bring 200 green-collar jobs when completed.

Alcoa has invested $10 million in preparing the old smelting site for new businesses.

As part of the Clean Tech package, Alcoa was willing to commit to:

  • Recruite new jobs within 4 years that would generate $30 million in annual compensation.
  • Attract a total of $400 million of investments within 5 years.
  • Guarantee up to $1.2 million a year over the next 40 to 50 years if these jobs and investments did not materialize or remain.
  • Provide to Stanly County over the next 2 years $6 million for education, infrastructure and community needs.

After repeated delays in negotiations with the Stanly County Commissioners, Clean Tech set a December 15th deadline for an agreement to be reached.  The deadline passed without the needed agreement.

Alcoa provided good, high-paying jobs with good benefits to employees at the Badin Works plant for over 90 years.  Since closing the pant, Alcoa has worked to redevelop the site and recruit other businesses to Badin, without support from Stanly County or the State of North Carolina.

Views: 200

Tags: alcoa, badin, clean tech, jobs

Comment by Stop Global Whining on May 1, 2012 at 11:56am

Oops!  And I thought these are the "imaginary" jobs that the State takeover proponents said were contrived as part of a diversion to their "Alcoa is Evil" agenda!  Heck, I even read Dean Naujoks' quote in the Salisbury Post that CleanTech was not even a real corporation.  As I recall, Whigkid gave him a good truthin' over that lie, pointing out that it had indeed been incorporated as a lawful Deleware corporation, long before the announcement.  But among the "Alcoa is Evil" crowd, who really pays attention to truth, anyway?

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