This post went up yesterday at Ohio Watchdog:
But just what lessons did two state agencies learn from the potential loss of nearly $11.5 million in taxpayer funds? They can’t – or won’t say.
At first glance, the failure of Willard & Kelsey looks like just another in the long line of green energy companies that couldn’t find success. The company was established in 2007 by several men with extensive experience in the glass and solar panel industries.
In 2009, Vice President Joe Biden toured the Perrysburg, Ohio, facility touting it as a potential cornerstone of the area’s future economy. In February 2011, the company hosted then Labor Secretary Hilda Solis.
But later in 2011, Willard & Kelsey idled most of its operations. In January 2012, it laid off most of its workers. On June 30, the company closed its doors without telling the state or the agencies that had advanced it millions in loans.
Today, WKS and its principles are facing lawsuits from the state of Ohio totaling $11,495,205.47 in loans and interest owed by the company, in addition to late charges, collection costs and attorney fees.
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Wednesday, September 18, 2013
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