Marlborough-Based Evergreen Solar Could End Up Bankrupt
MARLBOROUGH (CBS) – The company that took tax breaks from the state and then moved jobs out of Massachusetts may go out of business.
Evergreen Solar says the decision to close its factory in Devens did not save as much money as hoped.
It’s warning investors it may have to shut down.
Two years ago, the state gave Evergreen a $58 million aid package to create jobs.
Earlier this year, the company closed its plant in Massachusetts and moved its manufacturing to China.