JACKSON, Miss. (AP) - A green energy company heavily incentivized by Mississippi is shutting down, raising questions about whether the state will get repaid.
Solar panel maker Stion notified the state Tuesday that it would close its Hattiesburg plant Dec. 13, laying off 137 employees.
The company tells the Mississippi Department of Employment Security that it was closing "due to intense and unfair competition from foreign manufacturers." Stion says it will maintain the factory in hopes of selling it to a new manufacturer.
It's the fourth green energy deal made by former Gov. Haley Barbour to flop.
Stion pledged 1,000 jobs when it announced its plans in 2011.
Mississippi initially loaned Stion $74.8 million, and governments have given millions more in other tax breaks and subsidies.
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