Scott Beason, Mickey Hammon, Robert Bentley and their Republican pals who passed the HB56 Immigration Law ignored warnings that it would turn Alabama into a poster child for intolerance and deter foreign firms from moving or expanding their operations here. Now the economic fallout from Beason-Hammon is hitting the fan.
Golden Dragon Precise Copper Tube Group, which announced earlier this year its plans to build a $100 million plant in Thomasville, "is having second thoughts" about Alabama in light of the controversial law, according to David Bronner, chairman and chief executive of the Retirement Systems of Alabama.
"They’re not happy," said Bronner, citing conversations with Golden Dragon executives. "They have expressed their concerns to me on numerous occasions."
... Bronner, who oversees the state’s $29 billion public pension fund, first voiced his concerns about the immigration law in an interview with the Birmingham News, saying it had caused the Spanish owners of BBVA Compass to cancel plans for an $80 million bank tower in Birmingham.
Predictably, Bentley's appointee at the Alabama Development Office is in denial about the chilling effect of HB56. Someone should tell him about the 12 step method to dealing with a problem. Step 1 is admitting you have a problem.
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