Mississippi has disbursed nearly $227 million in aid to six alternative-energy companies since 2010, but so far has fewer than 500 jobs to show for it.
Research by The Associated Press finds the state has put in most of its total commitment, mainly in loans, to help some companies get off the ground. But the companies in most cases don't have to meet job targets until five years or more after they begin production.
The three companies that Mississippi has given the most money to, KiOR, Stion and View, have pledged to create a total of 2,330 jobs. So far, after receiving $195 million in aid, almost all in loans, the three companies have about 300 employees combined.
5 comments:
OT, but Trader Dan had a nice rant today after the Fed:
http://traderdannorcini.blogspot.com/2012/12/gold-up-on-fomc-news-but-fails-to-clear.html
"Next year promises to be interesting to say the least with over $1 TRILLION in freshly minted money looking for a home."
A few good charts too...
sm,
I understand the logic (indeed favorable) of the position but that same position fails to explain the Yen.
How did At 10:17 PM, Blogger Stagflationary Mark said...
Manage to post a hotlink?
Can I order one of those magnetic wheels?
Skittles the Unicorn said...
Can I order one of those magnetic wheels?
Yup. You can get one free with every homesite you purchase on Casey's Island.
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