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Wallace Focuses Campaign On Coal, Business Credits

Republican gubernatorial candidate Jim Wallace has announced his economic plan.

Coal

Photo: Joost J. Bakker / Flickr

Businessman Jim Wallace will use coal production as a key plank in his economic platform when he runs for governor next year.

Republican gubernatorial candidate Jim Wallace says right-to-work legislation is a step in the right direction but he says his “ground up” plan is what the state needs. The plan includes his “Project 500″ which includes a list of needs around the state that he says hinder economic growth.

He says he would work with the Indiana General Assembly to allocate up to $500 million of available state surplus to the projects. Wallace says he also wants to use — and expand — the Edge credit, which provides $10 million annually to employers that create jobs in the state.

Wallace says he would also like expand on the state‘s battery manufacturing and coal extraction to help the economy.

“We have 57 billion tons of coal in Southwestern Indiana and with clean coal technology that represents over 50 years of annual U.S. coal demand,” Wallace says. “We can lead the way to energy independence not only for Indiana, but the nation by getting the coal out of the ground and getting it to market.”

Wallace faces U.S. Representative Mike Pence in next year’s Republican primary.  The winner will likely face former House Speaker John Gregg in November’s general election.

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