EV Manufacturer Folds and City Of Salinas Loses $500K Of Tax Payer Money

Passing out tax payer money to fund all those ‘green collar’ jobs through PPP’s (Public / Private Partnerships)… What could go wrong:

A Salinas car manufacturing company that was expected to build environmentally friendly electric cars and create new jobs folded before almost any vehicles could run off the assembly line.

The city of Salinas had invested more than half a million dollars in Green Vehicles, an electric car start-up company.

All of that money is now gone, according to Green Vehicles President and Co-Founder Mike Ryan.

The city of Salinas, California lost $500,000 and not one green EV rolled off the assembly line. Their mistake was not consulting with Senator Debbie Stabenow (Democrat- MI) who has this whole green collar jobs thing figured out:

The Battery Innovation Act is the first coordinated plan that incorporates all aspects of advanced battery production, from research and development, to the availability of raw materials, to the manufacturing of these high-tech products. The Act will build off of initiatives authored by Senator Stabenow in 2009, which helped A123 Systems ramp up advanced batteries manufacturing and create jobs in Michigan.

Here in Michigan, we don’t have to worry… We have Debbie Stabnow to spend our money.

Comments
  • Jim at Conservatives on Fire July 20, 2011 at 12:50 pm

    Uh… I think maybe you should start to worry, Steve. If you could start yesterday, that might be soon enough. LOL

    • steve July 20, 2011 at 11:25 pm

      This whole green economy thing has been a disaster since day one.

  • Matt July 20, 2011 at 10:19 pm

    Ah, I love the smell of sarcasm in the evening!

    • steve July 20, 2011 at 11:26 pm

      You picked up on the subtle sarcasm.

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