Editor’s Note: I’ve retracted the part of the article that says Virdia was the recipient of Free Money. The SENTEC building was built using Tobacco Commission money. – BruceH
Green Energy. Turning biomass into something useful.
Lots of Free Government Money. Wow, I didn’t see this Job Bust coming. (Actually, I did.)
Everybody in the Southside area has heard about Virdia, right? No? Anybody? Ok then, Virdia is the company that is based in California and opened up a new office on the Institute campus. They were to do something like turning something useless into something that’s useful. Sorta like Rumpelstiltskin could do, but that was a fairy tale. Well, this is looking like it was a fairy tale too. Let’s go to April 22, 2012…
Yeah, I remember this company! They’ve got a pretty building on the back side of the Institute’s property.
They had lots of Free Money from the Usual Sources. They’re on the cutting edge of Green Energy Technology. They can turn
horsecrap biomass into something that isn’t horsecrap biomass. What could possibly fail with this business plan?
Pretty much everything, it seems. They’re packing their equipment up in storage. They never got anywhere close to those lofty hiring goals. In fact, I don’t think that they hired anybody locally.
I’m sure that the Usual Suspects will try to recoup the Free Money that they threw at this company. Good luck on that. (Retraction: I can’t find any Free Money being given out to the Virdia company itself. The SENTEC building that they were in was constructed with Tobacco Commission Free Money. The question now becomes what the lease rate was for this space and who paid what. – BruceH)
Of course, there’s no official confirmation on the impending death of Virdia and I don’t expect one. I do expect this company and their sign to simply disappear quietly…
with all that Free Money gone (Retraction: See above).