German Solar Coming to Denver

30 October 2009 - 7:00am

SMA Solar Technology AG, the German company responsible for about 40 percent of the world's solar market will be opening a plant in Denver.

"State and city economic-development officials scrambled to beat out 20 other cities across six states after SMA told them in May that Colorado was in the running, [Pete] Roskop [a representative with the Colorado Office of Economic Development and International Trade] said.

The state will contribute about $3 million in economic incentives, with Denver contributing another $600,000 or so. About $1 million each will go for job training, performance incentives and enterprise-zone tax credits.

Denver will chip in money for relocation expenses, job training and wage subsidies."

Source: The Denver Post, October 27, 2009
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There is lots of theory, and lots of wonderful mathematics, and even lots of dealmaking. But the financial engineers are not real engineers who take responsibility for the bridges that fall down. They have no notion of a safety factor.