Business: WANTED: NEW INDUSTRY

The Welcome Mat Is Out Coast to Coast

IN the wake of the recent disastrous floods in New England, Connecticut's Governor Abraham A. Ribicoff loudly denounced as "ghoulish" reported attempts to lure hard-hit industries to the flood-free South. Actually, no industries have left the state as a result of the floods. But his suspicions were understandable. With industry spending a record $27.3 billion on expansion this year, almost every state, county and city in the nation is hungrily trying to lure new industries. Says Victor Roterus, area development chief for the U.S. Commerce...

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