Mississippi taxpayers may have only an empty Senatobia building and some solar panel equipment to show for nearly $26 million in loans provided to Twin Creeks Technologies.
The California-based solar technology firm is liquidating, and a company that bought Twin Creeks' assets does not intend to take over its agreement with Mississippi. The contract called for Twin Creeks to invest at least $132 million and create at least 500 jobs.Federal money --> solar company start-ups --> executive compensation --> executives donate to election campaigns of their choice if they desire --> election over --> 38 solar companies declare bankruptcy. I'm sure that did not happen, but it would be a great novel. Or a Harvard business school case study of moving money around in a society with "eyes wide shut."