GreenTech Misses Loan Payment for Mississippi Electric Car Plant

By Jon LeSage Startup electric carmaker GreenTech Automotive has missed its first loan payment to the state of Mississippi for its assembly plant.
On June 30, GreenTech missed the first loan payment of $150,000 on its $3 million loan. Mississippi made the loan agreement with the company five years ago to generate good paying jobs at the Tunica, Miss.-based assembly plant.
Mississippi Development Authority spokesman Jeff Rent confirmed on Monday that GreenTech missed its first payment. “The Mississippi Development Authority continues to work with GreenTech Automotive as the company secures additional funding,” according to Rent. “This is the best course of action to protect

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