Slowing expectations at a green-tech start-up
One year ago, biofuel start-up
Mascoma has survived the nasty financial environment, but money is still tight. "Banks are still getting their houses in order before they are willing to put new loans on the books," said Bruce Jamerson, the chairman of Mascoma. "Young companies in new sectors--that's a little bit of a different risk profile than lending to Coca-Cola."
Mascoma has already benefited from federal and state grants. Now Jamerson is spending a lot of his time in Washington lobbying Congress to free up some of the loan guarantees set aside in renewable energy programs.
"There's still strong interest in what we're doing because so many people see this as inevitable--we have to replace petroleum with a low-carbon alternative that costs less and has less price volatility," Jamerson said.
Read the original story: "Slowing expectations at a green-tech start-up"
--Caption by Martin LaMonica
December 9, 2009 4:00 AM PST
Photo by: CNET
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