Ohio, company reach settlement over unpaid loans


COLUMBUS, Ohio (AP) – The state of Ohio says it’s reached a $1.5 million settlement with a with a Toledo manufacturing company for unpaid loans.

Ohio’s attorney general says Buckeye Silicon failed to meet the state’s loan repayment schedules and defaulted on almost $2.7 million in taxpayer-funded loans.

The company sought to produce polysilicon for use in solar panels. It obtained loans in 2010 through the state’s Development Services Agency and the Ohio Air Quality Development Authority.

Attorney General Mike DeWine said in a written statement that the settlement and payment were “significant,” because these types of debts can be difficult to recover.

Phone numbers listed for the company were not in service.

WKBN 27 First News provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. No links will be permitted. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review.

blog comments powered by Disqus