Green can mean much more than just environment
Legislature approves nearly $234M in green energy loans
Published: December 25,2011
This year the Mississippi Legislature approved loans for three green energy manufacturing companies recruited to the state by Gov. Haley Barbour.
In January the state Legislature approved a $75 million loan for Stion, a startup manufacturing company that will make thin-film solar panels in Hattiesburg. The company promises to investment $500 million and bring 1,000 jobs to Mississippi. Stion has already hired 100 local people and spent more than $40 million of its state funds.
In September the Legislature approved a $59.5 million loan to Calisolar, which will make solar silicon in Columbus and promises more than 900 jobs and an investment of $600 million. Lowndes County is assisting the company with $14 million in infrastructure improvements.
Also in September the Legislature approved a $100 million loan for HCL Cleantech, which should convert biomass to sugars for industrial products. The company has promised to invest $1 billion and create 800 jobs in Mississippi. It plans to operate in Olive Branch, Grenada, Booneville, Hattiesburg and Natchez.
• HONORABLE MENTION •
OTHER HONORABLE MENTION STORIES
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Analyst: KiOR Columbus plant may end up sold as scrap
- College Board gives Keenum contract extension, raise
- (UPDATE) Gov. Bryant: $1.2 billion aluminum plant is a very exciting proposition for the state of Mississippi
- Hunting deer? There's an app for that
- Apple ordered to pay $23.6M for using SkyTel technology
- Humana and Bill, Hillary and Chelsea Clinton Foundation partnering
- Can Metrocenter rise from the ashes? Again
- Six out of eight universities could have higher tuitions in 2015
- Rep. Howell decides not to seek re-election to House
- LTE: With tax cuts, Gov. Bryant dismissive of least of us