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Willard and Kelsey work to resolve loans PDF Print E-mail
Written by PETER KUEBECK Sentinel Staff Writer   
Thursday, 14 March 2013 10:05
PERRYSBURG - Struggling solar firm Willard and Kelsey is continuing to work with the Ohio Attorney General's Office on the resolution of two loans - but plans for payment have yet to be determined.
Dan Tierney, a spokesman for the office of Attorney General Mike DeWine said that, as of two weeks ago, "discussions are ongoing" with the firm. However, he said that a "schedule (of payment) had not been worked out."
Two of the company's loans, amounting to approximately $10.2 million from two different agencies, were turned over to the Collection Enforcement Section of the Attorney General's Office in November. The Collection Enforcement Section serves as a collection agency for state government and some local government debts.
Willard and Kelsey had defaulted on the loans, issued by the Ohio Air Quality Development Authority and the Ohio Department of Development, in 2012.
In the event that payments are not made, the CES does have the authority to take a company to court.
Willard and Kelsey's problems entered the spotlight early in 2012, when state scrutiny increased after a layoff of 40 employees. Subsequent financial woes came to the surface after the ODOD scheduled a status check of the business.
Willard and Kelsey at one time had big plans for their manufacturing facility, located just south of Levis Commons on Ohio 25, hoping to build a massive, 750,000-square-foot expansion and employ more than 3,500 people by 2018. The business in the past played host to dignitaries including Vice President Joe Biden and U.S. Labor Secretary Hilda Solis.
 

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