Posted on 12/22/2010 12:08:26 PM PST by Nachum
WICCOPEE — In a stunning reversal, the frequently lauded and taxpayer-funded SpectraWatt Inc. has told the state it will close its solar cell plant starting in March and lay off 117 workers.
The announcement was startling because in the past two months, the company, which had been promised about $8 million in tax dollars, planned to train more workers and changed its work shifts to enable a 24-hour operation.
In a news release, the company said it hopes to reverse the situation that led to the decision, but SpectraWatt officials did not respond to requests for details.
(Excerpt) Read more at thenewstribune.com ...
How’s that green jobs thing working out for you, Obama?
I be workin’ the night shift at the sunshine plant.
Not exactly--was nearly all private investment and this is just the type of place Obamanomics would keep open.
In any case, it's sad news. This conservative area has been hard hit by Gov. Paterson, and now this.
More Obama Green Shits.
So ... the "unexpected" snow in winter made installation of solar panels in Europe problematic. Solution? Stop production next March so the uptick in demand during the summer months can go unmet.
Nice excuse for the real problem, learning that the cost of doing business in upstate NY is just too high for international sales when subsidies shrink.
more private investment or not, still bad technology that no one wants or needs....
Update from the Irony Czar.
This is the new GREEN ECONOMY or as Obama refers to it “The New Normal”
How bout them Green Jobs, The idiot left has been living in fantasy land. If their Green Fantasies won’t come true with their savior running they country, they never will.
UNEXPECTED!
LOL, great post bub
WICCOPEE — In a stunning reversal, the frequently lauded and taxpayer-funded SpectraWatt Inc. ...
Okay, what am I missing here?
It’s expensive to out spend the local and state tax rates, which any manufacture for the last 50 years that fled, ran, moved, escaped, off shored, shut down, went out of business could of told them.
The list, ping
Let me know if you would like to be on or off the ping list
NY State Gov’t + Tax subsidies + Eco Fantasies + Trendy Media themes = recipe for dismal failure.
If there was a way to bet against this venture, I would have done it.
Anyone making solar panels anywhere but China will FAIL.
The other 90+%
“So ... the “unexpected” snow in winter made installation of solar panels in Europe problematic. Solution? Stop production next March so the uptick in demand during the summer months can go unmet.
Nice excuse for the real problem, learning that the cost of doing business in upstate NY is just too high for international sales when subsidies shrink. “
This reminds me of the excuse the US News & World Report just published to explain the population movement from the northern anti-Galt states to the southern pro-Galt states: everyone moved because it was warmer in Texas, Florida, and Georgia! Thought I would laugh my butt off when I saw that. Heck, if you believe this reasoning, then global warming would be a good thing for the Marxist states, as it would keep their subjects from moving away!
The "government-funded" part is the fact that they got tax breaks. I hate that we have high tax rates that get cut for some businesses and not others, but that seems to be the modern way.
More importantly, American workers are expensive.
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