MORE OF HE SAME. USING TAXPAYER DOLLARS TO FUND YOUR FRIENDS CRAPPY COMPANIES
[email_link]
Abound Solar, a Department of Energy $400 million loan guarantee recipient that went bankrupt earlier this year, is under investigation by officials in Weld County, Colorado.
The company, which received nearly $70 million in loan funding before payments were cut off by DOE in 2011, also received a $100,000 tax break from the Colorado county in 2010. The county decided not to extend that offer when the company failed to achieve prescribed benchmarks for the tax break.
The county is also seeking nearly $2 million in unpaid property taxes from 2011 and 2012.
SOURCE: http://blog.heritage.org