light bulb manufacturing

Bettendorf LED light manufacturer two years behind in loan repayment; job training funds frozen

The Florida promoter who convinced local economic development officials he would bring manufacturing jobs from China to Bettendorf hasn't made a payment in nearly two years on the $107,000 loan he received from the Bi-State Revolving Loan Fund, the economic development arm of the Bi-State Regional Commission.

LEDs America made payments totaling $31,000 on the job development loan, but its last check was in September 2013, leaving an unpaid balance of $76,000, according to Bi-State officials.

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