Kokomo Tribune; Kokomo, Indiana

Breaking News

August 22, 2013

Columbus yanks some financial support to solar panel maker

COLUMBUS (AP) — A central Indiana city is shutting off some of its assistance to a solar panel manufacturer because the company hasn't hired enough workers.

An agreement between Columbus officials and Nusun Inc. called for the city to forgive nearly $7,000 in monthly mortgage payments on a facility owned by the city. But Nusun's current 17 employees falls short of the 80 it was supposed to have by the end of 2012.

The Republic reports (http://bit.ly/1bT7aeo) City Council members voted Tuesday to find the company not in compliance, which requires Nusun to start making the payments.

Nusun CEO Ryan Stout asked for more time, saying the company has made substantial progress toward lining up new contracts.

The city also helped Nusun obtain some $800,000 in local and regional grants.

1
Text Only | Photo Reprints
Breaking News
Latest news
Featured Ads
Only on our website
AP Video
Renewed Violence Taking Toll on Gaza Residents 2 Americans Detained in North Korea Seek Help US Employers Add 209K Jobs, Rate 6.2 Pct House GOP Optimistic About New Border Bill Gaza Truce Unravels; Israel, Hamas Trade Blame Raw: Tunisia Closes Borders With Libya Four Rescued From Crashed Plane Couple Channel Grief Into Soldiers' Retreat WWI Aviation Still Alive at Aerodrome in NY Raw: Rescuers at Taiwan Explosion Scene Raw: Woman Who Faced Death Over Faith in N.H. Clinton Before 9-11: Could Have Killed Bin Laden Netanyahu Vows to Destroy Hamas Tunnels Obama Slams Republicans Over Lawsuit House Leaders Trade Blame for Inaction
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.
Obituaries
Poll
Kelly Lafferty's video on Tom Miller