Then...
"Last year Evergreen, a Massachusetts company, agreed to establish their first-ever United States based manufacturing facility here in Massachusetts. They did so, or are doing so, at Devens. They have now agreed and chosen to triple their size at Devens. Their next phase of expansion, right here in Massachusetts, a signature company in a signature sector, and we congratulate all of the folks at Evergreen and look forward to continuing to work with you...
We made a personal commitment to Evergreen for the sake of Evergreen, but also because we wanted to show that there are ways in which state government, in working together with private industry and with the utility companies, could begin to create a different kind of environment, a different kind of business climate here, to grow that sector, and it is happening. It's happening. Evergreen is one of the most prominent examples, but there are a whole host of examples."
--Governor Deval Patrick, April 7, 2008, boasting about state investment in Evergreen.
and Now...
"Evergreen Solar Inc. filed for Chapter 11 bankruptcy protection yesterday, completing a stunning reversal of fortune for a high-flying alternative-energy company that once seemed to herald a new era for the Massachusetts economy... At its peak, Evergreen employed roughly 900 people locally and attracted more than $50 million in state support, as its stock price soared above $100 a share.
Yesterday, Evergreen's stock closed at 18 cents. The company shuttered its manufacturing plant in Devens earlier this year and now has only 85 employees left. Massachusetts is one of its top creditors, owed $1.5 million in rent."
--Erin Ailworth, Boston Globe, August 16, 2011
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