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  • Solyndra Not Sole Firm to Hit Rock Bottom Despite Stimulus Funding

    09/15/2011 11:50:31 AM PDT · by Oldeconomybuyer · 25 replies
    Fox News ^ | September 15, 2011
    Solyndra, the solar panel company whose highly publicized failure and consequent investigation by federal authorities has flashed across headlines recently, isn't the only business to go belly up after benefiting from a piece of the $800 billion economic stimulus package passed in 2009. At least four other companies have received stimulus funding only to later file for bankruptcy, and two of those were working on alternative energy. Evergreen Solar Inc., indirectly received $5.3 million through a state grant to open a $450 million facility in 2007 that employed roughly 800 people. The company, once a rock star in the solar...