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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

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drpepperTX Champion Author Texas Posts:8,968 Points:755,135 Joined:Apr 2011	Message Posted: Jul 28, 2012 11:04:36 AM Ignore drpepperTX Report Abuse Grants are just that, grants, no return to the treasury. Loans? Well, the track record of repayment has been abysmal.
goldrose1 Champion Author Cleveland Posts:10,956 Points:1,927,755 Joined:Feb 2005	Message Posted: Jul 28, 2012 10:55:26 AM Ignore goldrose1 Report Abuse Tax dollars spent. Burden on economy. Yet, no benefit.
honda0105 Champion Author Tallahassee Posts:18,650 Points:1,612,445 Joined:Nov 2008	Message Posted: Jul 27, 2012 5:48:14 AM Ignore honda0105 Report Abuse goldrose: depends on the terms.
goldrose1 Champion Author Cleveland Posts:10,956 Points:1,927,755 Joined:Feb 2005	Message Posted: Jul 25, 2012 1:09:53 PM Ignore goldrose1 Report Abuse Does what they don't spend return to US Treasury?
honda0105 Champion Author Tallahassee Posts:18,650 Points:1,612,445 Joined:Nov 2008	Message Posted: Jul 25, 2012 7:22:07 AM Ignore honda0105 Report Abuse 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 Posts:1,040 Points:261,935 Joined:Jan 2012	Message Posted: Jul 23, 2012 11:55:28 AM Ignore SycamoreISU Report Abuse If they spend it, will they go bankrupt like Solyndra?
pbug101 Champion Author Georgia Posts:2,474 Points:582,825 Joined:Aug 2011	Message Posted: Jul 23, 2012 5:38:32 AM Ignore pbug101 Report Abuse ok
mfeldstein Champion Author Ottawa Posts:8,186 Points:1,933,405 Joined:Feb 2007	Message Posted: Jul 23, 2012 12:19:49 AM Ignore mfeldstein Report Abuse Send some to me.
bluegrasser1 Champion Author Richmond Posts:15,948 Points:2,618,545 Joined:Sep 2005	Message Posted: Jul 23, 2012 12:16:10 AM Ignore bluegrasser1 Report Abuse ok
rahcat Champion Author Grand Rapids Posts:2,483 Points:665,875 Joined:Jan 2010	Message Posted: Jul 23, 2012 12:06:02 AM Ignore rahcat Report Abuse Old News
jessek Champion Author Detroit Posts:2,657 Points:1,280,490 Joined:Sep 2008	Message Posted: Jul 22, 2012 11:56:12 PM Ignore jessek Report Abuse Let's rip off the taxpayers.
Ahking Champion Author Orange County Posts:3,522 Points:606,375 Joined:May 2011	Message Posted: Jul 22, 2012 11:51:27 PM Ignore Ahking Report Abuse Wow, they now have millions gasbuddy members checking them out.
LetemEatCake Champion Author Oklahoma City Posts:5,615 Points:1,207,555 Joined:Mar 2008	Message Posted: Jul 22, 2012 11:51:02 PM Ignore LetemEatCake Report Abuse UGH!
Focus2 Champion Author Illinois Posts:7,896 Points:1,920,520 Joined:Mar 2006	Message Posted: Jul 22, 2012 11:44:09 PM Ignore Focus2 Report Abuse 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 Posts:2,647 Points:907,065 Joined:May 2010	Message Posted: Jul 22, 2012 11:43:34 PM Ignore DCbeachbum Report Abuse Thank you Mr. Obama for knowing better than the rest of us taxpayers on how to spend our money.
tobasco Champion Author Los Angeles Posts:7,351 Points:2,111,410 Joined:Mar 2004	Message Posted: Jul 22, 2012 11:42:57 PM Ignore tobasco Report Abuse Tax free too
mstearno Champion Author Dayton Posts:8,080 Points:1,734,140 Joined:Jan 2008	Message Posted: Jul 22, 2012 11:41:31 PM Ignore mstearno Report Abuse Maybe they won't go bankrupt?
NhCobra Sophomore Author New Hampshire Posts:109 Points:431,470 Joined:Oct 2008	Message Posted: Jul 22, 2012 11:40:11 PM Ignore NhCobra Report Abuse 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 Posts:2,116 Points:453,085 Joined:Jan 2012	Message Posted: Jul 22, 2012 11:38:43 PM Ignore OilOnTheCheap Report Abuse Give the money back!
Amtrgas Champion Author Oakland Posts:2,678 Points:1,624,320 Joined:Dec 2007	Message Posted: Jul 22, 2012 11:36:03 PM Ignore Amtrgas Report Abuse If the money is unspent. Then this money can be redirected to other government stimulus programs.
Tekkersmom57 Champion Author Syracuse Posts:1,894 Points:704,115 Joined:May 2010	Message Posted: Jul 22, 2012 11:29:59 PM Ignore Tekkersmom57 Report Abuse I think they should either use the money or give it back.
Dodge_Me Champion Author Atlanta Posts:2,214 Points:558,480 Joined:Mar 2006	Message Posted: Jul 22, 2012 11:28:43 PM Ignore Dodge_Me Report Abuse Interesting
bowler360 Champion Author Illinois Posts:1,990 Points:502,700 Joined:Jun 2011	Message Posted: Jul 22, 2012 11:26:02 PM Ignore bowler360 Report Abuse Dish it out.
abcdMA Champion Author Worcester Posts:7,937 Points:1,578,355 Joined:Nov 2008	Message Posted: Jul 22, 2012 11:24:52 PM Ignore abcdMA Report Abuse the stimulus process was a travesty
gilfarm Champion Author Alabama Posts:6,811 Points:1,951,765 Joined:Sep 2005	Message Posted: Jul 22, 2012 11:23:45 PM Ignore gilfarm Report Abuse This is our current gov at work!!
hlscaldera Rookie Author Texas Posts:18 Points:59,695 Joined:Jul 2012	Message Posted: Jul 22, 2012 11:20:29 PM Ignore hlscaldera Report Abuse This is Not good !
camaro_man Champion Author Kitchener-Waterloo Posts:2,247 Points:613,970 Joined:Jun 2010	Message Posted: Jul 22, 2012 11:20:13 PM Ignore camaro_man Report Abuse wow
SierraFaith Sophomore Author Arkansas Posts:185 Points:51,885 Joined:Jul 2012	Message Posted: Jul 22, 2012 11:17:47 PM Ignore SierraFaith Report Abuse Hmmm
blazerbob91 Champion Author Milwaukee Posts:6,160 Points:1,886,595 Joined:Aug 2005	Message Posted: Jul 22, 2012 11:17:23 PM Ignore blazerbob91 Report Abuse Give the money back
ManBat12 Sophomore Author Tacoma Posts:140 Points:14,520 Joined:Jun 2012	Message Posted: Jul 22, 2012 11:17:20 PM Ignore ManBat12 Report Abuse ok
clermont40miles Champion Author Cincinnati Posts:10,588 Points:1,774,820 Joined:Apr 2008	Message Posted: Jul 22, 2012 11:16:20 PM Ignore clermont40miles Report Abuse 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 Posts:6,088 Points:1,673,205 Joined:Jul 2008	Message Posted: Jul 22, 2012 11:13:35 PM Ignore my2002m Report Abuse They are waiting for some more free money.
justmedc Veteran Author Michigan Posts:382 Points:174,495 Joined:Mar 2012	Message Posted: Jul 22, 2012 11:10:13 PM Ignore justmedc Report Abuse Situation Normal All F**ked Up
toadNY Champion Author Albany Posts:7,062 Points:1,517,150 Joined:Apr 2008	Message Posted: Jul 22, 2012 11:08:03 PM Ignore toadNY Report Abuse Need to give the money to obama for his re-election.
diabloMN Veteran Author Twin Cities Posts:337 Points:206,645 Joined:Apr 2011	Message Posted: Jul 22, 2012 11:05:56 PM Ignore diabloMN Report Abuse ok
granitestater Champion Author New Hampshire Posts:8,836 Points:1,432,700 Joined:Oct 2008	Message Posted: Jul 22, 2012 11:05:53 PM Ignore granitestater Report Abuse They can't declare bankruptcy until they've spent their entire grant...
EducatedShopper Sophomore Author Milwaukee Posts:106 Points:477,370 Joined:May 2008	Message Posted: Jul 22, 2012 11:02:53 PM Ignore EducatedShopper Report Abuse Subsidies do not work in free economy
bonzoonfmb Champion Author Florida Posts:1,792 Points:646,535 Joined:Feb 2010	Message Posted: Jul 22, 2012 11:00:59 PM Ignore bonzoonfmb Report Abuse 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 Posts:3,238 Points:521,550 Joined:Jul 2011	Message Posted: Jul 22, 2012 10:57:20 PM Ignore bvrbill Report Abuse Take the money back. Don't let them lose it all.
Blue48 Champion Author Illinois Posts:7,320 Points:1,640,870 Joined:Feb 2007	Message Posted: Jul 22, 2012 10:56:15 PM Ignore Blue48 Report Abuse AT LEAST THEY HAVEN'T GONE BANKRUPT, LIKE THE OTHERS!
menagerie1013 Champion Author San Diego Posts:2,365 Points:692,240 Joined:Apr 2011	Message Posted: Jul 22, 2012 10:53:43 PM Ignore menagerie1013 Report Abuse Time to give the money back.
WIPACKERFAN Champion Author Chicago Posts:8,814 Points:1,845,400 Joined:Aug 2005	Message Posted: Jul 22, 2012 10:51:21 PM Ignore WIPACKERFAN Report Abuse Obviously they are not stimulating the economy.
pecos Champion Author Columbus Posts:7,730 Points:2,114,010 Joined:Jul 2005	Message Posted: Jul 22, 2012 10:50:34 PM Ignore pecos Report Abuse The stimulus was NEVER AN ANSWER.
camel1 Champion Author Minnesota Posts:8,285 Points:2,269,540 Joined:Jul 2006	Message Posted: Jul 22, 2012 10:45:30 PM Ignore camel1 Report Abuse 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 Posts:3,076 Points:1,082,290 Joined:Sep 2009	Message Posted: Jul 22, 2012 10:45:03 PM Ignore OOXXFF Report Abuse Not good, I think.
Jeff1944 Champion Author South Dakota Posts:4,247 Points:1,077,505 Joined:Jan 2010	Message Posted: Jul 22, 2012 10:37:06 PM Ignore Jeff1944 Report Abuse So . . .. Is there a crime, collusion or misrepresentation for now yet spending the money?
Jeffro61 Champion Author Cleveland Posts:2,287 Points:2,288,795 Joined:Oct 2005	Message Posted: Jul 22, 2012 10:36:50 PM Ignore Jeffro61 Report Abuse Sounds like a bunch of crap.
Dennisjk Champion Author Detroit Posts:6,491 Points:1,927,775 Joined:Apr 2006	Message Posted: Jul 22, 2012 10:36:15 PM Ignore Dennisjk Report Abuse give the money back to the taxpayers.
pbug101 Champion Author Georgia Posts:2,474 Points:582,825 Joined:Aug 2011	Message Posted: Jul 22, 2012 10:36:00 PM Ignore pbug101 Report Abuse ok
sneadmd Sophomore Author Dayton Posts:217 Points:221,975 Joined:Feb 2012	Message Posted: Jul 22, 2012 10:32:02 PM Ignore sneadmd Report Abuse Interesting