GloballWatt not pursuing Saginaw solar plant

A company that had planned to invest $177 million in a Saginaw solar panel manufacturing plant has put the project on hold.  GlobalWatt planned to create a production line to assemble crystalline silicon solar panels, creating up to 500 jobs. The project was approved for economic development incentives from Michigan and local taxing authorities.  SInce no jobs were created, the credits will not be distributed.  More here.