U.S. Senator Debbie Stabenow is defending federal subsidies to promote green energy and advanced manufacturing businesses.
The loans, grants, and tax credits were part of the federal economic recovery package.
A company that got a quarter-billion dollar grant declared Chapter 11 bankruptcy this week. A123 employed hundreds of people in Michigan at facilities in Livonia, Romulus, and Ann Arbor.
Stabenow said the subsidies remain an important part of national energy and economic policy—even if some of the investments don’t pan out.