On a 22-acre parcel of land in Columbus, Mississippi, sit the remnants of a boondoggle. KiOR was supposed to take biomass and turn it into fuel. Instead, it took over $75 million in taxpayer money and made it disappear.
KiOR is not an outlier. Failed economic development projects are strewn across the map, companies that took advantage of public subsidies only to fold up or move onto the next greener pasture when government benefits ran out.
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