SOLAR PLANT SNUFFED: A solar power plant in Devens, Massachusetts, that had been promised $58 million in state aid in 2008 will shut down in March, costing the state more than 800 jobs. The move has Massachusetts lawmakers rethinking the wisdom of such subsidies, the Boston Globe reports. "A lot of people are very skeptical now," says House Speaker Robert DeLeo. Evergreen Solar Inc., a... [more]
SOLAR PLANT SNUFFED: A solar power plant in Devens, Massachusetts, that had been promised $58 million in state aid in 2008 will shut down in March, costing the state more than 800 jobs. The move has Massachusetts lawmakers rethinking the wisdom of such subsidies, the Boston Globe reports. "A lot of people are very skeptical now," says House Speaker Robert DeLeo. Evergreen Solar Inc., a Massachusetts-based company, said it was closing the plant because China offers more generous subsidies for solar manufacturing. Evergreen will have to repay some, but not all, of the grants and tax breaks that Massachusetts has given it. Governor Deval Patrick's administration indicated it would pursue more aggressive "clawback" provisions in future subsidy deals to give the state more of its money back if a business doesn't live up to its commitments.
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Response by needsadvice
about 15 years ago
Posts: 607
Member since: Jul 2010
Lovely. We give them money, and they STILL go overseas.
Lovely. We give them money, and they STILL go overseas.
what do you want for nothing?
a rubber bisket?
Methinks she'd rather walk a mile for a camel.