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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 This material may not be published, broadcast, rewritten or redistributed.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 51 328 20,960
MORTGAGES 58 387 24,132
FORECLOSURE NOTICES 6 54 3,101
BUILDING PERMITS 170 842 43,435
BANKRUPTCIES 50 288 13,468
BUSINESS LICENSES 34 90 6,712
UTILITY CONNECTIONS 16 110 7,899
MARRIAGE LICENSES 32 91 4,734