Wednesday, May 11, 2011

Think electric vehicle - an impaired investment

While the story is about the battery manufacturer Ener1 (really Enerdel)  severing its partnership with Think - it is Think that ought to be the story. This company in 2009 was reorganizing in bankruptcy at a time that Oregon was willing to give the company the traditional giveaways - economic incentives AKA taxpayer dollars. Oregon Senator Wyden with the governor and other politicos in tow did his best to persuade Think to locate in Portland. [Oregonian]. Fortunately for Portland they chose Indiana.