Friday, Jun 28, 2013
Governor Beebe's Statement on the End of Nordex Production in Jonesboro
“Nordex’s departure is directly related to Congress’s inability to follow through on an alternative-energy policy they started and now can’t agree on. I have been saying for years that there must be stable tax policy with this kind of intense capital investment. Congress has totally failed to provide one, wavering year-to-year on the wind energy tax credit. This indecisiveness is costing Arkansas, and America, jobs.
“Fortunately for taxpayers, Nordex has been a model corporate citizen, and is repaying Arkansas incentives that the company received when operations began. Nordex is not completely leaving Jonesboro, and I hope future conditions will allow American production to resume.
“I am so fed up with Congress. I think the American people and Arkansans are fed up with them, too. This is just the most recent example of how dysfunctional Washington has become.” - Governor Mike Beebe