Gov. Mike Beebe Slams Congress as Nordex Stops Production

by Luke Jones  on Friday, Jun. 28, 2013 11:18 am  

"I'm so fed up with Congress," Mike Beebe said on Friday. (Photo by Mike Pirnique)

Playing Politics

Arkansas Business reported in August about the uncertainty surrounding the extension of the credit and what it meant to Arkansas wind energy firms, including the first big player lured to Arkansas, LM Wind Power. The Danish company makes fiberglass wind turbine blades at its $150 million North American headquarters at the Port of Little Rock.

Last year, LM laid off more than 200 of its Little Rock workers, or about half its state workforce. At the time, LM attributed the layoffs to a decrease in demand for its products as Congress failed to renew the tax credit, which would have expired Dec. 31.

U.S. Sen. Mark Pryor, D-Ark., told Arkansas Business last year that layoffs in the industry were directly tied to a failure of Congress to extend the credit. 

"The layoffs there have been more about the failure to extend the tax credit than anything else," he said. "I think if we can get that re-established, we can get a lot of those jobs to come back."

 

 

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