The Pocatello Hoku plant that was set to make photovoltaic cells is in its death throes as the NASDAQ stock exchange has forced the firm to delist its stock which most recently has been listed for less than a dime.
While it is sad to see any company go under, the GUARDIAN feels we don’t need companies in Idaho that depend on government “incentives.” If a company can’t make it on its own, it probably can’t make it.
The Chinese based firm had a bunch of subsidies, including Pocatello Urban Renewal help, Idaho Dept. of Labor job training grants, and lordonlyknows what else.
They couldn’t pay their electric bill, the CEO quit, bankruptcy is likely, and now local contractors are left unpaid along with Idaho Power. Not much of a boost to the local economy in the end.
The other questionable scheme we have been watching is the Zonda electric bus factory. That outfit doesn’t have anything in Idaho, but claims to have its USA headquarters in Boise. They have an Idaho phone number and not much else.
Like Hoku, Zonda gets a buzz going, local politicos endorse them as did Nampa Mayor Tom Dale when he was quoted saying, “They are the real deal.” They have promised 1,000 jobs and more than a year after declaring Boise as its USA headquarters, nothing of substance has happened.
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