Eclipse’s Failure: One of Many State Investment Failures

Now that Eclipse Aviation has filed for Chapter 11 bankruptcy protection, New Mexico taxpayers have officially lost their $20 million investment in the company. As Rio Grande Foundation investigative journalist Jim Scarantino points out in his newest piece, New Mexico taxpayers face mounting losses and well-below-market returns through the State Investment Council.

Posted on December 2, 2008 at 9:30 am by Paul Gessing · Permalink
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  1. [...] Richardson and other politicians who have repeatedly thrown money at unproven technologies and business models. In the case of Schott Solar, we’re talking about $130 [...]

    on August 6, 2010 at 10:22 am
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