FRANKFORT, Ky. (AP) — Kentucky lawmakers have agreed to extend and sweeten economic development incentives in hopes of rejuvenating idled operations at a northeastern Kentucky steel mill.
The state House wrapped up action Friday on the bill touted as a crucial economic development offer for the AK Steel mill in Ashland. The legislation now goes to Gov. Matt Bevin's desk.
The bill is a response to the steel mill temporarily idling its blast furnace — putting hundreds of people out of work — because of competition from imported steel.
The bill's supporters, led by lawmakers from northeastern Kentucky, say they hope the state incentives will spur AK Steel executives to resume those operations.
The legislation is House Bill 535.