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Article: Despite job loss, state OK with Evergreen loan
- Article from:
- The Boston Globe (Boston, MA)
- Article date:
- November 10, 2009
- Author:
CopyrightCopyright 2009 The Boston Globe. Provided by ProQuest LLC. (Hide copyright information)
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Officials at the state-backed economic group MassDevelopment said
they have no plans to reconsider a $5 million loan to Evergreen
Solar, despite the company's decision last week to move the assembly
of its solar panels from Devens to China next year.
Such a shift may compromise Evergreen's ability to create 170
"new jobs," as promised in a loan summary distributed to
MassDevelopment board members. The board, which voted in September
to lend Evergreen money, is scheduled to meet today but an agenda
shows members do not intend to discuss the company.
State Senator Mark Montigny expressed outrage, saying taxpayer
money shouldn't be given to a private company.
"MassDevelopment needs to ...