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Millions unspent by two Mass. energy companies

Boston Herald -- Two green-energy firms near the top of Massachusetts’ list of stimulus money recipients still haven’t spent hundreds of millions of dollars allotted to them, even though the program was meant for shovel-ready projects and the state employment dropped by thousands of jobs last month.

Lexington-based 1366 Technologies Inc. — a solar energy firm — has spent less than $4 million out of its $147 million in grants and loans provided by President Obama’s $840 billion legislation to jump-start an economy plunged into a near depression by the housing mortgage crisis. More than 2,200 entities split nearly $8 billion doled out to Massachusetts since February 2009.

The remainder of the 1366 Technologies’ stimulus windfall is unlikely to be spent until the end of next year — and then only if a


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Submitted Jul 22, 2012 By: angel4me
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Millions unspent by two Mass. energy companies Back to Topics
REPLIES (newest first) Post a Reply
drpepperTX
Champion Author Texas

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Joined:Apr 2011
Message Posted: Jul 28, 2012 10:04:36 AM

Grants are just that, grants, no return to the treasury. Loans? Well, the track record of repayment has been abysmal.
goldrose1
Champion Author Cleveland

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Message Posted: Jul 28, 2012 9:55:26 AM

Tax dollars spent. Burden on economy. Yet, no benefit.
honda0105
Champion Author Tallahassee

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Message Posted: Jul 27, 2012 4:48:14 AM

goldrose: depends on the terms.
goldrose1
Champion Author Cleveland

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Message Posted: Jul 25, 2012 12:09:53 PM

Does what they don't spend return to US Treasury?
honda0105
Champion Author Tallahassee

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Message Posted: Jul 25, 2012 6:22:07 AM

wise business working? Maybe they don't want to go bust like others have and take to the spending business w/ a bit more caution as to make the company survive in these rather rough economic times. After all, loans have to be repaid.
SycamoreISU
Champion Author Indiana

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Message Posted: Jul 23, 2012 10:55:28 AM

If they spend it, will they go bankrupt like Solyndra?
pbug101
Champion Author Georgia

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Message Posted: Jul 23, 2012 4:38:32 AM

ok
mfeldstein
Champion Author Ottawa

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Message Posted: Jul 22, 2012 11:19:49 PM

Send some to me.
bluegrasser1
Champion Author Richmond

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Message Posted: Jul 22, 2012 11:16:10 PM

ok
rahcat
Champion Author Grand Rapids

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Message Posted: Jul 22, 2012 11:06:02 PM

Old News
jessek
Champion Author Detroit

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Message Posted: Jul 22, 2012 10:56:12 PM

Let's rip off the taxpayers.
Ahking
Champion Author Orange County

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Message Posted: Jul 22, 2012 10:51:27 PM

Wow, they now have millions gasbuddy members checking them out.
LetemEatCake
Champion Author Oklahoma City

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Message Posted: Jul 22, 2012 10:51:02 PM


UGH!
Focus2
Champion Author Illinois

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Message Posted: Jul 22, 2012 10:44:09 PM

Maybe, they are going to take the money and invest it in China like another solar outfit that closed in Massachusetts did?
DCbeachbum
Champion Author South Carolina

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Message Posted: Jul 22, 2012 10:43:34 PM

Thank you Mr. Obama for knowing better than the rest of us taxpayers on how to spend our money.
tobasco
Champion Author Los Angeles

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Message Posted: Jul 22, 2012 10:42:57 PM

Tax free too
mstearno
Champion Author Dayton

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Message Posted: Jul 22, 2012 10:41:31 PM

Maybe they won't go bankrupt?
NhCobra
Sophomore Author New Hampshire

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Points:964,350
Joined:Oct 2008
Message Posted: Jul 22, 2012 10:40:11 PM

These green energy packages are nothing more than slush funds for the so-called "democratic" party. So fed money for anyone... Not for green, OR non-green companies
OilOnTheCheap
Champion Author Ventura

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Message Posted: Jul 22, 2012 10:38:43 PM

Give the money back!
Amtrgas
Champion Author Oakland

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Message Posted: Jul 22, 2012 10:36:03 PM

If the money is unspent. Then this money can be redirected to other government stimulus programs.
Tekkersmom57
Champion Author Syracuse

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Message Posted: Jul 22, 2012 10:29:59 PM

I think they should either use the money or give it back.
Dodge_Me
Champion Author Atlanta

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Message Posted: Jul 22, 2012 10:28:43 PM

Interesting
bowler360
Champion Author Illinois

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Message Posted: Jul 22, 2012 10:26:02 PM

Dish it out.
abcdMA
Champion Author Worcester

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Message Posted: Jul 22, 2012 10:24:52 PM

the stimulus process was a travesty
gilfarm
Champion Author Alabama

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Message Posted: Jul 22, 2012 10:23:45 PM

This is our current gov at work!!
hlscaldera
Rookie Author Texas

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Message Posted: Jul 22, 2012 10:20:29 PM

This is Not good !
camaro_man
Champion Author Kitchener-Waterloo

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Message Posted: Jul 22, 2012 10:20:13 PM

wow
SierraFaith
Sophomore Author Arkansas

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Message Posted: Jul 22, 2012 10:17:47 PM

Hmmm
blazerbob91
Champion Author Milwaukee

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Message Posted: Jul 22, 2012 10:17:23 PM

Give the money back
ManBat12
Sophomore Author Tacoma

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Message Posted: Jul 22, 2012 10:17:20 PM

ok
clermont40miles
Champion Author Cincinnati

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Message Posted: Jul 22, 2012 10:16:20 PM

More greenie waste funded by taxpayers forced by BHO & Co. so-called stimulus package.

The more the truth leaks out the better. It shows the waste and cronyism.

Green is red.
my2002m
Champion Author Tulsa

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Message Posted: Jul 22, 2012 10:13:35 PM

They are waiting for some more free money.
justmedc
Veteran Author Michigan

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Message Posted: Jul 22, 2012 10:10:13 PM

Situation Normal All F**ked Up
toadNY
Champion Author Albany

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Message Posted: Jul 22, 2012 10:08:03 PM

Need to give the money to obama for his re-election.
diabloMN
Veteran Author Twin Cities

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Message Posted: Jul 22, 2012 10:05:56 PM

ok
granitestater
Champion Author New Hampshire

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Message Posted: Jul 22, 2012 10:05:53 PM

They can't declare bankruptcy until they've spent their entire grant...
EducatedShopper
Sophomore Author Milwaukee

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Message Posted: Jul 22, 2012 10:02:53 PM

Subsidies do not work in free economy
bonzoonfmb
Champion Author Florida

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Message Posted: Jul 22, 2012 10:00:59 PM

You can't force a company to spend money if the resources and the technology that the company needs is not there.

Subsidies are a bad idea.
bvrbill
Champion Author Eugene

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Message Posted: Jul 22, 2012 9:57:20 PM

Take the money back. Don't let them lose it all.
Blue48
Champion Author Illinois

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Message Posted: Jul 22, 2012 9:56:15 PM

AT LEAST THEY HAVEN'T GONE BANKRUPT, LIKE THE OTHERS!
menagerie1013
Champion Author San Diego

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Message Posted: Jul 22, 2012 9:53:43 PM

Time to give the money back.
WIPACKERFAN
Champion Author Chicago

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Message Posted: Jul 22, 2012 9:51:21 PM

Obviously they are not stimulating the economy.
pecos
Champion Author Columbus

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Message Posted: Jul 22, 2012 9:50:34 PM

The stimulus was NEVER AN ANSWER.
camel1
Champion Author Minnesota

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Message Posted: Jul 22, 2012 9:45:30 PM

They have the money or is it in the US treasury? If they have they are earning an income from it.
OOXXFF
Champion Author Greensboro

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Message Posted: Jul 22, 2012 9:45:03 PM

Not good, I think.
Jeff1944
Champion Author South Dakota

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Message Posted: Jul 22, 2012 9:37:06 PM

So . . .. Is there a crime, collusion or misrepresentation for now yet spending the money?
Jeffro61
Champion Author Cleveland

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Message Posted: Jul 22, 2012 9:36:50 PM

Sounds like a bunch of crap.
Dennisjk
Champion Author Detroit

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Message Posted: Jul 22, 2012 9:36:15 PM


give the money back to the taxpayers.
pbug101
Champion Author Georgia

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Message Posted: Jul 22, 2012 9:36:00 PM

ok
sneadmd
Sophomore Author Dayton

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Message Posted: Jul 22, 2012 9:32:02 PM

Interesting
VanIsleLes
All-Star Author British Columbia

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Joined:Jun 2012
Message Posted: Jul 22, 2012 9:28:24 PM

Disappointing
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