Companies close after receiving training grants - Coeur d'Alene Press: Local News

Companies close after receiving training grants

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Posted: Monday, June 25, 2012 10:51 am

Last month, Transform Solar announced that it was closing and laying off about 250 people at its facility in Nampa. As StateImpact reported, the manufacturer of high-tech solar cells, had received $1.68 million in workforce training grants from the state of Idaho — money that the company will not have to pay back.

It’s not the first time that’s happened. Eleven companies that have received more than $5.3 million in training grants from the Idaho Department of Labor since 1996 no longer exist in the state. That’s according to data from the department and StateImpact’s analysis. Emilie Ritter Saunders/StateImpact Idaho

Read more here

In the StateImpact Idaho story, Tim Komberec, of Empire Airlines here in Kootenai County, talks about the benefit of Idaho's workforce training grants, and points to his company as an example of how it's an incentive that works to create and retain jobs in the state.

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4 comments:

  • angryNIdaho posted at 9:47 pm on Tue, Jun 26, 2012.

    angryNIdaho Posts: 81

    Butch Otter's Solyndra.

     
  • my own opinion posted at 6:45 pm on Mon, Jun 25, 2012.

    my own opinion Posts: 397

    set me straight... does this mean or sound like the owners of this company took the money and ran? and then sold out being rich(more rich), rather than conduct the bussiness? yikes is there a time frame that can be a loophole to get the giver of the money the money back by law if the company folds and runs defaults on use it was intended for? (the owner). more companies can do this? Thank you board.

     
  • Why Not posted at 4:24 pm on Mon, Jun 25, 2012.

    Why Not Posts: 5326

    Corporate welfare, how about specialized training that isn’t readily available in the marketplace? The solar bonanza what shortsighted for sure and the Chinese governments rush to dominate the industry has not helped matters. Hard to compete when the competition floods the market with cheap product and offers pay when you feel like it financing. However, the Workforce Training program is for the most part very successful and it helps to bring in new technology to the state. This is small business, not Citi Bank or Exxon Mobile, its people with bright ideas and not much capital.

     
  • voxpop posted at 12:22 pm on Mon, Jun 25, 2012.

    voxpop Posts: 738

    Ironic how corporate welfare is doing just fine in Idaho, regardless of the sink-or-swim theory behind free enterprise. Why not couple tax incentives and outright bailouts to how many decent jobs were created during that tax year instead of doing it up front then have these worthless fools go belly up.

     
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