Officials in Mississippi are demanding that an electric car company founded by current Virginia Gov. Terry McAuliffe repay more than $6 million in public funds.
In a report released on July 12, the office of Mississippi State Auditor Stacey Pickering said GreenTech Automotive did not come close to creating the 350 jobs it promised and had shrunk to about 10 employees as of early 2017.
Terry McAuliffe, then-chairman of GreenTech Automotive, and former Mississippi Gov. Haley Barbour are seen in GreenTech’s new electric car in July 12 at the company’s plant in Horn Lake, Mississippi.
Pickering demanded that GreenTech pay roughly $6.4 million or risk being taken to court to allow the state to recoup its investment. That amount represents a $3 million incentive loan, a $2 million loan to allow Tunica County to buy land for the GreenTech facility, plus interest and recovery costs.
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