HUD has finally released 1.6 billion dollars in flood recovery money. Jeff Palermo has more..:
Cut 3 (30) “I’m Jeff Palermo”

A Chinese chemical company chooses Louisiana over Texas to build a 1.1 billion dollar manufacturing complex. State Economic Development Secretary Don Pierson says the project by Wanhua (Wan-hwah) Chemical Group will bring 170 new direct jobs to the state…:
Cut 4 (09) “a year”
The specific location of the site will be decided later in the year.

At the opening of the legislative session Monday, Governor John Bel Edwards urged lawmakers to compromise at the Capitol over the next two months. He wants to see the state’s tax structure changed to protect vital services and make sure TOPS is fully funded. Baton Rouge Representative Patricia Smith says the legislature has to do something to raise more revenue…:
Cut 12 (08) “can’t do it”
But Republicans are expected to push back hard against additional revenues saying instead the state needs to be more responsible with spending.

The film tax credit program will be under a microscope this session, and LSU Economist Dr. Loren Scott has conduced another study indicating the return on investment isn’t there for the state’s budget when it comes to movie incentives. He says Louisiana is subsidizing about 30 to 35-percent of the cost of making a film…:
Cut 9 (05) “your favor”
The film tax credit program is currently capped at 180 million dollars.