Those employees were expected to be back on the job in a week or so, but the layoffs continued and the plant's doors were chained on Sunday by Wilbarger County Judge Greg Tyra. All of these problems stem from a 10 year loan and incentive agreement given by the Vernon Business Development Corporation in 2010. The purpose, to bring about 100 jobs to the city by 2013. That agreement offered almost $900,000 in incentive money from the 4-A sales tax fund.
Mayor Jeff Bearden says Tangarie has hired only 12 to 15 people since receiving the money. He says he had high hopes this loan and incentives would be successful, but is not calling it a complete failure yet.
"We know that not all of our economic development initiatives are going to succeede, we are not going to stop, we are going to keep trying to bring more jobs to Vernon and new innovated intites to town," said Mayor Bearden.
The Business Development Corporation board and staff are reviewing the status of the loan. Mayor Bearden say talks of possible sale, merger or operating agreement with another alternative energy company, is strictly rumor.
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