One Republican senator says in light of Mamtek, there has been a renewed focus on Wi-Fi Sensors.
Wrap: As the Economic Development Department began its investigation on Wi-Fi Sensors today, Senator Jim Lembke says the senate committee will take as much time as it needs to receive and sift through documentation.
More than two years ago, Wi-Fi Sensors received a one-million dollar Community Development Block Grant loan with a promise to employ 40 people immediately.
Senator Lembke says the doors have been shut; the company has defaulted on all loan payments and hasn't created a single job.
Democratic Senator Joseph Keaveny is concerned the committee's work might create a "chilling effect" on efforts to attract other projects in the state but Lembke says:
|Description: "I come down on the side of protecting the taxpayers and the taxpayer's money and making sure we're being good stewards of that money."|
Today marks the first day of the Economic Development Department's investigation of Wi-Fi Sensors.
Wrap: Democratic Senator Joseph Keaveny says there's a lot of competition for these start-up firms among many municipalities and it is not unusual for these types of businesses to fail.
Keaveny says Wi-Fi Sensors is currently failing because the company was relying on defense department contracts.
However, Keaveny says:
|Description: "These are pretty tough economic times. Obviously, we would like them all to succeed but that's just not reality."|
Since the debt ceiling keeps Washington at an almost standstill, the company also remains unable to move forward.
|Description: "I would be reluctant to write this off. I think there's still hope for it. It's just getting the timing of the thing. It's pretty hard to get anything through Washington right now and I think this is indicative of the climate that we're going through."|
Reporting from the state Capitol I'm Jessi Turnure.