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Biden Promised $1.4B in Subsidies to Build Solar Factory. It Just Closed

This article discusses the failure of a solar factory project funded by government subsidies. Meyer Burger, a Swiss company, received significant taxpayer money to create jobs in the U. S. but ultimately shut down its operations.

1. Subsidy Overview: The article highlights the trend of companies receiving large government subsidies for green energy projects, often with little success or sustainable economic models.

2. Meyer Burger's Promise: Meyer Burger announced plans to build a significant solar cell factory in Colorado, claiming it would generate 350 jobs. The project was supported by $1.4 billion in subsidies from President Biden's Inflation Reduction Act, along with additional funding from local sources and the U. S. Department of Energy.

3. Shutdown of Arizona Facility: Despite the initial investment, Meyer Burger closed its factory in Goodyear, Arizona, citing financial difficulties. This closure affected 282 employees, raising concerns about the effectiveness of taxpayer-funded initiatives in the green energy sector.

4. Public Sentiment: There is skepticism regarding the allocation of such funds, with comments from the public reflecting frustration over wasted taxpayer money and the lack of tangible results from these investments.

Meyer Burger's situation is a notable example of how substantial government subsidies in the green energy sector may not lead to successful, sustainable ventures, resulting in wasted taxpayer funds and job losses. The article prompts readers to reconsider the effectiveness of these financial commitments in producing real economic benefits. 

https://www.frontpagemag.com/biden-promised-1-4b-in-subsidies-to-build-solar-factory-it-just-closed/

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