Sep 23
2014
SolarCity deal is a rich subsidy package
My first blush impressions of the SolarCity deal announced Tuesday by Gov. Andrew Cuomo: It’s a rich package. The state is committing $750 million – $350 million to build a manufacturing plant and $400 million in potentially forgivable loans to equip it – in exchange for creating 3,000 jobs, half of which would be employed by SolarCity, the other at firms in their supply chain. That works out to $250,000 to $500,000 per job, depending on how you do the math. By comparison, the subsidy package cobbled together to lure the Yahoo! data center in Lockport five years ago involved[...]