Nordic Windpower said to be 'in dire straits'
Nordic Windpower USA has failed to create the 200 jobs envisioned when it announced its move to Kansas City in December 2010, jeopardizing $5.6 million in incentives, and a former board member said the company is in dire straits.
The wind turbine manufacturer had plans to make a capital investment of nearly $16 million, relocate its California headquarters and move its Idaho manufacturing operations to a facility at the KCI Intermodal BusinessCentre.
Missouri Gov. Jay Nixon announced the incentives package to help the company set up shop to produce its distinctive two-blade turbines. The package was to include a community development block grant, training programs and sales tax exemptions.
But John Fougere, a spokesman for the Missouri Department of Economic Development, said the state’s incentive programs have strict job-creation criteria that Nordic did not meet.
Read more in the Kansas City Business Journal.
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