Pickering says Greentech never met jobs, investment totals
By JEFF AMY Associated Press
JACKSON, Miss. (AP) - Electric vehicle firm Greentech Automotive claims it raised $140 million for its Mississippi project, but the state auditor Stacey Pickering says the company can't prove it invested even $60 million.
In a statement sent Friday, the company also claims Mississippi didn't live up to its promises because Tunica County never granted property tax breaks that the company was promised.
Pickering, a Republican, says Greentech never created more than 143 of its promised 350 jobs. That's why he says the company must repay the $4.9 million it was loaned by Mississippi, plus $1.5 million in interest.
The auditor has sent a letter demanding repayment, which could set the stage for a civil lawsuit by Mississippi state government to recover money.
Pickering's inquiry finds Greentech was down to 10 employees in February.
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