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Huizenga Critical of LG/Chem Federal Grant

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WASHINGTON (WHTC) - In the wake of the fallout from LG/Chem’s 842 thousand-dollar return of federal grant money for idle workers at its lithium-ion battery plant in Holland are calls from Capitol Hill to take a second look at public seeding of cutting-edge technology that hasn’t panned out as proponents have promised. Due to a quirk in drawing up Congressional districts, the 48th Street facility in question falls in Bill Huizenga’s district, and the Zeeland Republican is “very, very critical of what has been happening at LG/Chem" and wants to make sure that it doesn't happen again. He added that the matter is instructive for Washington moving forward, as lawmakers and bureaucrats need to avoid getting into situations where supply greatly surpasses demand.

Huizenga added that he would be in a classified briefing today involving the proposed purchase of bankrupt A123 by Chinese-based Wanxaing America Corporation last month for 249 million dollars, as federal officials are concerned that electronic secrets could be compromised.

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