Another day, another greenco ripoff. Seems this time we have a firm that’s managed to ripoff the Feds and Arizona for a few million hard-earned tax dollars. It seems Suntech is filing for bankruptcy.
Suntech is shuttering the Goodyear plant and laying off its 43 remaining workers. But not before it pocketed $1.5 million in tax breaks from the state, $2.1 million from the federal government, and $500,000 in job training from the city.
In case your calculator is broken that’s another $3.65 million out the door. Not much compared to Solyndra other greenco failures, but it all adds up.