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VOL. 132 | NO. 11 | Monday, January 16, 2017

Electric Car Maker Greentech Lays Off Mississippi Workers

By JEFF AMY, Associated Press

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JACKSON, Miss. (AP) – Electric car maker GreenTech Automotive has laid off some or all employees at its Mississippi Delta plant.

Mississippi Department of Employment Security spokeswoman Dianne Bell told The Associated Press Thursday that the agency has been told GreenTech is "shutting down" in Tunica County.

GreenTech didn't return requests for comment.

GreenTech owes Mississippi $2.85 million, after making an overdue $150,000 loan payment. GreenTech has said it's trying to raise money by merging with a Chinese company.

Mississippi Development Authority spokesman Jeff Rent said Friday the state continues working with GreenTech.

Previously, GreenTech has raised money from Chinese people who can obtain U.S. residency by investing $500,000.

A 2015 report found a federal official broke ethics rules when he aided GreenTech's visas. Among former insiders is Terry McAuliffe, now governor of Virginia.

Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 124 481 17,865
MORTGAGES 127 530 20,565
FORECLOSURE NOTICES 4 48 2,693
BUILDING PERMITS 195 891 36,836
BANKRUPTCIES 52 262 11,426
BUSINESS LICENSES 24 139 5,848
UTILITY CONNECTIONS 26 116 6,830
MARRIAGE LICENSES 26 133 4,049