Solar Firm That Would Bring 850 Jobs To State Will Declare Bankruptcy
Firm Planned To Operate By August
Posted: 06/28/2012
Last Updated:
331 days ago
A company that hoped to begin operations by August at a large plant on U.S. 31 in Tipton County, and planned to employ as many as 850 workers by next year, has declared bankruptcy.Abound Solar of Loveland, Colo., said it will suspend operations next week, after talks with potential buyers broke down. The company received about $70 million from the Energy Department before officials froze its credit line last year.The facility in Tipton County, which has been vacant since it was built a few years ago, was originally supposed to house an auto parts company. That never worked out, and it now appears the solar company wont be going there, either.
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