How long will Abound Solar string along the good folks of Tipton, Indiana?

In July 2010, President Obama announced a $400 million taxpayer-guaranteed loan to Colorado-based Abound Solar, the majority of which was intended to help the thin-filmed solar panel company expand to Tipton, Indiana. The Indiana Economic Development Corporation also provided $12 million in performance-based tax credits and training grants. So many believed Abound’s original plan to bring jobs to the Tipton area in 2010.

Eighteen months later, and still no Abound Solar jobs for Indiana. With a headline that sounds more like the dreaded vote of confidence InsideIndianaBusiness.com reports, “Abound Solar Still Committed to Indiana” and plans to begin hiring in the second half of 2012. They will have to work fast to make the Abound facilities usable because apparently they still don’t have any utilities.