Wednesday, July 5, 2017

Pickering to Greentech: Pay up!

State Auditor Stacey Pickering issued the following statement. 



State Auditor Stacey Pickering Issues Demands against GreenTech Automotive Inc.

JACKSON, Miss. – GreenTech Automotive Inc., located in Robinsonville, MS owes the state of Mississippi nearly $5 Million, and State Auditor Stacey Pickering is ordering that the money be repaid with interest and investigative costs.

The Office of the State Auditor issued a formal demand totaling $6,360,019.60 to Charles Wang, President and CEO of GreenTech automotive Inc., which includes the remedies for failure to perform, interest, and recovery costs.


Greentech Automotive Inc. received $3,000,000 from the Mississippi Development Authority on behalf of the Mississippi Industry Incentive Financing Revolving Loan program, and a $2,000,000 loan was also given to Tunica County on behalf of the Board of Supervisors to secure land for the Greentech Automotive production facility.

As a condition of receiving these funds, GreenTech Automotive Inc. agreed to invest $60,000,000 into Tunica County and create 350 new full-time jobs along with several other commitments. These were never fulfilled.
 

20 comments:

Anonymous said...

I wish wish him well in collecting any amount from this company.

Anonymous said...

Seems Tunica County would be on the hook for the $2 million.

Anonymous said...

Tunica County was swindled, hoodwinked. By a con artist and snake oil salesman. Foolish post 6:18.

Unknown said...

Should have known when Terry McAuliffe,
Bill Clinton and HALEY BARBOUR came
toTunica County to promote this endeavor.

The Commercial Appeal said...

In an article published on 1/18/17:

"Virginia Gov. Terry McAuliffe is the former GreenTech chairman. Tony Rodham, brother of Hillary Clinton, helped raise Chinese funds for the company."

(But might be "Fake News" for all we know)

Unknown said...

Nope, that was the real deal. Bill was there. GreenTech was touted as the manufacturer of choice for the Dominoe's Electric Pizza Felivery car.

Anonymous said...

Here's a question: Green Tech went belly up back in January. Everyone knew it was dead even before then. Why did it take six months to issue a demand like this?

Anonymous said...

So who is at fault and who is going to be held accountable for letting this happen!?

Bill Clinton? By the way is not a resident of Mississippi...................

Terry McAuliffe? Who is not a resident of Mississippi either..........................

or is Mississippi and its elected officials responsible?

Anonymous said...

In my opinion, Tunica County and the State of Mississippi
will be left holding the bag. $5 million was loaned from the state of Mississippi.
$3 million was loaned directly to GreenTech Automotive, and $2 million was loaned
to Tunica County to acquire the 100 acre field from a local businessman.
That 100 acres was subsequently transferred to GreenTech
by the Tunica County Economic Development Foundation.

Based upon published reports, Virginia’s now-Governor Terry McAuliffe
served as co-founder and Chairman of GreenTech Automotive from 2010 to 2012.
GreenTech received at least $37.5 million in cash investments
before McAuliffe resigned as chairman in December 2012.

Look Out said...

When did GreenTech start operations in Mississippi?

Anonymous said...

What about KIOR in Columbus. It's going to make these small"investments" look like pennies spent. We, the taxpayers of Mississippi, are on the hook for around $70,000,000.00 dollars - that's right folks 70 million. KIOR is going to make the Beef Plant small potatoes. Haley and Senator Terry Brown both pushed hard for KIOR. Nothing is left, and MDA is trying to recoup some of the money. GOOD LUCK! What they need to look at is the attorney that was paid about $2,000,000.00 when the assets were liquidated. Lowndes County got what was owed them in back taxes. KIOR's assets were sold and now the equipment is spread across the southeast.

Anonymous said...

That tax shift is going to be fun.

Anonymous said...

All of this reminds me of the old saying, "When it's everyone's money, it's no one's money."

Anonymous said...

9:19: You hit it on the head."When it's everyone's money, it's no one's money." So, since it's everybody's money I would like to get a small share. I have invented a device to capture climate-changing gasses that cows omit. The problem is I need a manufacturing facility and some startup money. About $15 million should do it. Obviously there is a need for this device and Mississippi could become the world leader in this noble enterprise. I'm sure the Mississippi Development Authority will recognize this and fork over the $$$. They seem to fund every hair-brained scheme, but this one has real potential. I'm making the application.

Anonymous said...

As long as Haley, Lord Snow and all Haley's buddies keep making money off these schemes without repercussions it will continue. Pay your taxes, keep the Thad sticker on your white SUV and shut up!

Anonymous said...

Let's see:
Nationally-
QE ending
War looms if not a trade war
Economy slumping
-----------------------------
Statewide-
*Government jobs being cut in MS
*we're being financially raped by a cabal that can't be named
*oddball tax policy proposals that we can't afford
*Revenues are barely slipping now, but you just wait.
*This is all getting past you bc you're being distracted by a flag and "religious beliefs". (Oops I spilled the beans).

Anonymous said...

Pickering is a fine man doing an excellent job protecting the interests of taxpayers. He has no interest in politics and is solely focused on what is best for me and you. (Maybe KF will post this.)

Anonymous said...

@ 2:35pm

They want to have an open competitive market - but long as a business can do it on Monday, Tuesdays, Thursdays, Fridays, and Saturdays only! LOL!!

They want to make conservative fiscal policy, with regressive business practices. LOL!!!

You can't mix morality with cut throat capitalism, its a losing proposition.

Get progressive on the business practices and those tax cuts will pay off, otherwise - this is Kansas 2.0 and Louisiana 2.0.

Anonymous said...

Thanks for posting my bullshit post KF. Obviously, Stacie is getting a pass on criticism from posters on this site.

Anonymous said...

3:18 Stacey Pickering also said the state of Mississippi "has a good track record of transparency in managing our tax dollars (Neshoba Co. Fair, 7/14/14)." Sure, Jan.

It's amazing the state is just now trying to recoup monies, especially when media outlets in the Memphis area had reported on the inactivity at the plant for a few years now. We all know how this ends: the state gets left holding the bag and needs to start advertising the sell of yet another empty manufacturing facility.


Recent Comments

Search Jackson Jambalaya

Subscribe to JJ's Youtube channel

Archives

Trollfest '09

Trollfest '07 was such a success that Jackson Jambalaya will once again host Trollfest '09. Catch this great event which will leave NE Jackson & Fondren in flames. Othor Cain and his band, The Black Power Structure headline the night while Sonjay Poontang returns for an encore performance. Former Frank Melton bodyguard Marcus Wright makes his premier appearance at Trollfest singing "I'm a Sweet Transvestite" from "The Rocky Horror Picture Show." Kamikaze will sing his new hit, “How I sold out to da Man.” Robbie Bell again performs: “Mamas, don't let your babies grow up to be Bells” and “Any friend of Ed Peters is a friend of mine”. After the show, Ms. Bell will autograph copies of her mug shot photos. In a salute to “Dancing with the Stars”, Ms. Bell and Hinds County District Attorney Robert Smith will dance the Wango Tango.

Wrestling returns, except this time it will be a Battle Royal with Othor Cain, Ben Allen, Kim Wade, Haley Fisackerly, Alan Lange, and “Big Cat” Donna Ladd all in the ring at the same time. The Battle Royal will be in a steel cage, no time limit, no referee, and the losers must leave town. Marshand Crisler will be the honorary referee (as it gives him a title without actually having to do anything).


Meet KIM Waaaaaade at the Entergy Tent. For five pesos, Kim will sell you a chance to win a deed to a crack house on Ridgeway Street stuffed in the Howard Industries pinata. Don't worry if the pinata is beaten to shreds, as Mr. Wade has Jose, Emmanuel, and Carlos, all illegal immigrants, available as replacements for the it. Upon leaving the Entergy tent, fig leaves will be available in case Entergy literally takes everything you have as part of its Trollfest ticket price adjustment charge.

Donna Ladd of The Jackson Free Press will give several classes on learning how to write. Smearing, writing without factchecking, and reporting only one side of a story will be covered. A donation to pay their taxes will be accepted and she will be signing copies of their former federal tax liens. Ms. Ladd will give a dramatic reading of her two award-winning essays (They received The Jackson Free Press "Best Of" awards.) "Why everything is always about me" and "Why I cover murders better than anyone else in Jackson".

In the spirit of helping those who are less fortunate, Trollfest '09 adopts a cause for which a portion of the proceeds and donations will be donated: Keeping Frank Melton in his home. The “Keep Frank Melton From Being Homeless” booth will sell chances for five dollars to pin the tail on the jackass. John Reeves has graciously volunteered to be the jackass for this honorable excursion into saving Frank's ass. What's an ass between two friends after all? If Mr. Reeves is unable to um, perform, Speaker Billy McCoy has also volunteered as when the word “jackass” was mentioned he immediately ran as fast as he could to sign up.


In order to help clean up the legal profession, Adam Kilgore of the Mississippi Bar will be giving away free, round-trip plane tickets to the North Pole where they keep their bar complaint forms (which are NOT available online). If you don't want to go to the North Pole, you can enjoy Brant Brantley's (of the Mississippi Commission on Judicial Performance) free guided tours of the quicksand field over by High Street where all complaints against judges disappear. If for some reason you are unable to control yourself, never fear; Judge Houston Patton will operate his jail where no lawyers are needed or allowed as you just sit there for minutes... hours.... months...years until he decides he is tired of you sitting in his jail. Do not think Judge Patton is a bad judge however as he plans to serve free Mad Dog 20/20 to all inmates.

Trollfest '09 is a pet-friendly event as well. Feel free to bring your dog with you and do not worry if your pet gets hungry, as employees of the Jackson Zoo will be on hand to provide some of their animals as food when it gets to be feeding time for your little loved one.

Relax at the Fox News Tent. Since there are only three blonde reporters in Jackson (being blonde is a requirement for working at Fox News), Megan and Kathryn from WAPT and Wendy from WLBT will be on loan to Fox. To gain admittance to the VIP section, bring either your Republican Party ID card or a Rebel Flag. Bringing both and a torn-up Obama yard sign will entitle you to free drinks served by Megan, Wendy, and Kathryn. Get your tickets now. Since this is an event for trolls, no ID is required. Just bring the hate. Bring the family, Trollfest '09 is for EVERYONE!!!

This is definitely a Beaver production.


Note: Security provided by INS.

Trollfest '07

Jackson Jambalaya is the home of Trollfest '07. Catch this great event which promises to leave NE Jackson & Fondren in flames. Sonjay Poontang and his band headline the night with a special steel cage, no time limit "loser must leave town" bout between Alan Lange and "Big Cat"Donna Ladd following afterwards. Kamikaze will perform his new song F*** Bush, he's still a _____. Did I mention there was no referee? Dr. Heddy Matthias and Lori Gregory will face off in the undercard dueling with dangling participles and other um, devices. Robbie Bell will perform Her two latest songs: My Best Friends are in the Media and Mama's, Don't Let Your Babies Grow up to be George Bell. Sid Salter of The Clarion-Ledger will host "Pin the Tail on the Trial Lawyer", sponsored by State Farm.

There will be a hugging booth where in exchange for your young son, Frank Melton will give you a loooong hug. Trollfest will have a dunking booth where Muhammed the terrorist will curse you to Allah as you try to hit a target that will drop him into a vat of pig grease. However, in the true spirit of Separate But Equal, Don Imus and someone from NE Jackson will also sit in the dunking booth for an equal amount of time. Tom Head will give a reading for two hours on why he can't figure out who the hell he is. Cliff Cargill will give lessons with his .80 caliber desert eagle, using Frank Melton photos as targets. Tackleberry will be on hand for an autograph session. KIM Waaaaaade will be passing out free titles and deeds to crackhouses formerly owned by The Wood Street Players.

If you get tired come relax at the Fox News Tent. To gain admittance to the VIP section, bring either your Republican Party ID card or a Rebel Flag. Bringing both will entitle you to free drinks.Get your tickets now. Since this is an event for trolls, no ID is required, just bring the hate. Bring the family, Trollfest '07 is for EVERYONE!!!

This is definitely a Beaver production.

Note: Security provided by INS
.