When lawmakers convened this morning to address the state budget, House Bill 1, they made a play to soften the blow of funding cuts to Louisiana’s higher education system. Lawmakers voted to give the Louisiana Board of Regents incentive funding that was turned down by the Shaw Group. Jim Bernhard, Shaw’s chairman and CEO, announced last week the company wouldn’t accept a $172 million economic development incentive package because of the state’s budget woes. The package included $28.5 million for building a nuclear module fabrication and assembly facility in Lake Charles. The remainder of the money Shaw turned down included forgivable loans and assistance grants.
Shaw money goes to higher ed
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