$40 Million to Create 3 “Green” Jobs?
If a green energy company is given $40 million by the government to create jobs, and a total of three jobs are created, 2008 to the present, what should the government do about this?
The Department of Energy knows: provide another $80 million. Department of Energy officials have made available this money for a New Hampshire company. The company
The company had promised to create 70 jobs for this $40 million subsidy. What a deal! But it failed to deliver.
There were warning signs. Here was one. The company is required by law to file a report with the Securities and Exchange Commission, the federal bureaucraccy that regulated Bernie Madoff. In its SEC filing, the company admitted that it has “no experience in the markets in which we intend to operate.”
Nevertheless, the DOE signed an $80 million cooperative agreement with the firm in December, 2011.
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