Gov Tim Pawlenty signed a bill on Thursday that will give over $100 million in tax breaks to buisness over the next three years, the Associated Press said.
The bill will benefit the St. Paul Ford plant with tax exemptions and job retention. The plant is scheduled to close in 2011, and Palenty hopes the bill will convince officials to reconsider, Minnesota Public Radio said.
Pawlenty said at the signing ceremony that the bill will improve Minnesotans' quility of life, citing job growth and econimic activity.
Pawlenty also signed a bill that will cut state spending in an effort to reduce the deficit, Minnesota Public Radio said.