Awarded Millions, Wind Turbine Company Defaults on State Loan

Awarded Millions, Wind Turbine Company Defaults on State Loan [Michigan Capitol Confidential]
"In 2009, Ventower Industries issued a press release with the headline, “Another ARRA Success Story – New Funds Mean More Jobs in Monroe.”
The news was that Ventower, which was supposed to make wind turbine towers and bases, had been given $2.5 million by the federal government under the American Recovery and Reinvestment Act, or the "stimulus" package.
U.S. Congressmen John Dingell called it a “watershed moment.”
In 2010, the News Herald newspaper in Southgate called Ventower Industries “another successful project funded by the American Recovery and Reinvestment Act” because it had received a $2.3 million grant and $1.2 million loan from the state of Michigan.
Yet, five years later, the state has said little about the project, and those “success” claims remain unsubstantiated.
The only official information is a 2014 state report stating that as of Sept. 31, 2013, Great Lakes Towers, doing business as Ventower Industries, completed construction of a factory in Monroe to build commercial wind turbine towers.
The only other information revealed by the one paragraph update was that the company was in default on the loan and had qualified for benefits offered by three other state programs..."