The Fremont solar panel manufacturer that received a half-billion dollar loan from the federal government has been unable to attract much interest from potential buyers to take over its operations.
The White House has ordered a review of loan guarantees made by the Energy Department after the Fremont solar power company that got a half-billion-dollar federal loan went bankrupt.
Top executives from a bankrupt Fremont-based solar energy company have declined to testify before a congressional hearing investigating their half-billion dollar government loan.
Federal analysts looking at a proposed loan to a Bay Area solar energy company in 2009 warned then of possible problems, as well as pressure from the White House to speed up a decision, according to a memorandum released by a Congressional committee.
Smaller Bay Area businesses have felt the ripple effect the former solar giant set off when it closed down its operation in the last week.
A congressional memorandum indicates that even as the executives of a solar energy company assured members of Congress that their finances were improving, a different story was being prepared behind the scenes.
California prosecutors have filed a major lawsuit against several lawyers and call center operators for allegedly running a nationwide scam to dupe desperate homeowners into paying thousands of dollars to join dubious lawsuits against the country’s largest banks.
San Francisco officials said they’re rebuilding the backbone of the city’s economy one small business at a time. One example is a new specialty shop that opened up in the Mission District this past month with the help of the city’s Revolving Loan Fund.
Contra Costa County supervisors are loaning a struggling hospital $10 million to keep its doors open.
Some of Oakland’s smallest businesses have navigated the permit process and secured loans to expand with the help of a non-profit that teaches budding entrepreneurs how to grow an idea.