Mascoma was awarded $23.5 million from the state of Michigan to convert biomass into ethanol. The facility was never built.“Michigan is proud to partner with Mascoma as part of our commitment to lead the nation in alternative energy production,”
United Solar Ovonic was approved for a $17.3 million state tax credit in 2008. According to Granholm, United Solar Ovonic would create 700 Michigan jobs. But instead, it went out of business.“United Solar Ovonic is a great example of the type of investment needed to ensure Michigan’s economic success in the 21st century,”
A123 Systems had claimed it could create 3,000 jobs at an advanced battery plant in Livonia. Granholm touted this "innovative company" in a much heralded press conference in 2010. A123 Systems eventually filed for bankruptcy in October 2012.
There are more examples, but you get the point. Prepare to get blown just like we were last time.