State Taxpayers May Eat $1.6 Million Loan for Defunct Green Bus Company

State Taxpayers May Eat $1.6 Million Loan for Defunct Green Bus Company [Michigan Capitol Confidential]
"In September of 2009, Fisher Coachworks was mentioned in a press release from Gov. Jennifer Granholm as a “green technology” company that was part of the “new energy economy for Michigan.”
Two years later, the state says Fisher Coachworks is out of business and the state has to write off $1.6 million it loaned the electric bus manufacturing company."

"Green" is the new "red" in more ways than one.