CNSNews is reporting:
A Pittsburgh, Pa. solar energy company has shut its doors four years
after receiving nearly $10.2 million in tax credits from the Obama
Administration as part of the American Reinvestment and Recovery Act.
Flabeg Solar U.S. Corp., a $30 million solar plant located near the Pittsburgh International Airport, opened
its doors in 2009 and was said to provide 300 jobs. Now, just four
years later, the plant has shut down and laid off more than 60 workers.
In addition to this, 10 of its former employees have petitioned a federal judge for severance pay after they lost their jobs last month, according to PA Independent.
Robert Lampl, the attorney for Flabeg, said the company would
probably seek Chapter 11 bankruptcy protection from the workers who are
suing over their severance pay.
In addition to the $10 million received in stimulus funds, the state
and Allegheny County added an additional $9 million in job creation
grants, loans, and other financial aid to help launch the plant,
bringing the total to $20 million in assistance to the company.
Add one more to
the long list of failed solar companies provided taxpayer money. Money from failed solar companies would have paid for White House tours .... perhaps, indefinitely.
It would be interesting to see data reflecting the so-called expensive "tax benefits for oil companies" and how they in taxes/yr COMPARED to the amount of direct "investment" tax incentives given to solar and wind and how much they pay in taxes/yr.
ReplyDeleteIt might paint a more visual picture for the LIVs (Low Information Voters). Wishful dreaming!
Regarding "tax benefits for oil companies": I agree completely. You are preaching to the choir.
ReplyDelete