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
- Bids on reworking Interstate 55 stretch are rejected
- Spivey named Under 40 Business Person of the Year by the Mississippi Business Journal
- JACK WEATHERLY: Economic development in these parts is a ‘family’ business
- Hosemann to launch crowd funding program
- CFPB wants repay ability at center of new payday loan rules
- ALAN TURNER: Education in Mississippi – good and bad news
- Terminal upgrade on indefinite hold at Jackson International Airport
- JOSH MABUS: The Tao of Road House
- Answering the Bell: Interim Ole Miss law school dean well-regarded for directing hands-on clinical training