Glass plant bankruptcy could shatter government goodies

incentives-589x328By Mike Sunnucks | Phoenix Business Journal

Apple supplier GT Advanced Technologies’ bankruptcy and financial free fall could nix their much promoted and government subsidized sapphire glass production plant in Mesa.

It will bring renewed scrutiny to subsidies and incentives handed out by the state of Arizona and local governments to individual companies and for individual developments. The GT bankruptcy also is another potential setback for DMB Associates’ Eastmark development on the former GM Proving Ground in Mesa.

Apple was slated to received $10 million from the Arizona Competes Fund for the Mesa factory.

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