Solar energy subsidies: sticky wicket for Tea Party recipient?
Neumann, who is one of three Republican candidates running for an open U.S. Senate seat, has been a loud critic of the 2009 stimulus program enacted by Congress as a way to spur economic investment in the midst of a recession. In his 2010 campaign for governor, Neumann said he would devote any Wisconsin stimulus money to tax cuts and reducing the state's debt.
Neumann is being challenged for the GOP nomination by former Gov. Tommy Thompson and state Assembly Speaker Jeff Fitzgerald. U.S. Rep. Tammy Baldwin is the only Democrat in the race to replace retiring Democratic U.S. Sen. Herb Kohl .
Neumann repeated his argument Friday that because the grant program he benefited from started as a Bush-era tax credit, it shouldn't be viewed as part of the 2009 economic stimulus law signed by President Barack Obama .
The grants came under the so-called 1603 Treasury program, which provides cash worth 30 percent of costs for renewable projects.
Neumann's solar energy companies applied for and received the grants because having the money upfront was more beneficial than waiting for the tax credit, Neumann said. Another Neumann company, SunVestSolar, signed a letter sent to congressional leaders in November urging continuation of the stimulus grant program, but it expired at the end of the year.
Neumann had said Thursday his companies got more than the $81,000 but he didn't immediately know how much more. On Friday, Neumann contacted the AP and said he looked it up and his companies had gotten $750,000 in tax credits and grants.
Neumann said the incentives have helped his companies invest $2.5 million in Wisconsin projects and create about 50 jobs.
"We have very successful companies," Neumann said. "I'm happy to reinvest the money."
Neumann Solar Leasing, which has since been combined with MN Solar Leasing, buys and owns solar equipment and then either sells the electricity generated to the end user or leases the equipment.
Advance Cash Loan Minnesota - News
Curtis Carlson Nelson, grandson of a Minnesota business legend, is prepared to acknowledge that he'll spend his foreseeable future under mounds of debt that he likely will never repay. Nelson, onetime heir to the Carlson fortune, has agreed in court
But Neumann said Friday that company and another one, MN Solar Leasing, had gotten even more in stimulus grants and other tax credits. The US Treasury Department confirmed Friday that MN Solar Leasing got nearly $418000 in stimulus grants.
The loan was put on the watch list of master servicer Wells Fargo (WFC) Bank Minnesota this month, Morningstar Inc. said. “We consider this loan a moderate to high risk,” Horsham, Pennsylvania-based Morningstar's structured credit ratings division said
CLOUD — The city of St. Cloud will use a temporary provision outlined in the 2010 Minnesota Jobs Bill to try to spur economic growth. It allows cities which have cash balances in their tax increment financing districts to offer forgivable loans for
Few business owners realize what untapped - and often free - resources are available to help them manage finances and stimulate positive cash flow. "Businesses - especially the more than 450000 small businesses in Minnesota - are major contributors to
Cash Advance Lenders Analyzed – Wonga ... - A Minnesota Mover
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