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Quite possibly the coolest car company in North America--sports-car start-up Lightning Hybrids [2]--got a big boost from the Loveland city council this week: The company will receive $100,000 to help create 300 jobs by 2013, and the jobs will pay between $48,000 and $65,000 a year, higher than average for Larimer County. The Loveland-based company aims to manufacture 6,000 cars annually by 2013, according to the Northern Colorado Business Report [3]. The incentive, meant to help the city during recession, provides $50,000 up front and the other $50,000 so long as the company is able to show it is making progress, reports the Loveland Reporter-Herald [4]. Recently, Wired's Autopia [5] featured a car, which debuted at this year's Denver Auto Show [6], with Corvette-like curves that can get up to 100 miles per gallon and still do zero to 60 in under six seconds. Lightning Hybrids should find a decent customer base in Denver, where traffic is among the worst in the nation--13th in 2009--according to a Texas Transportation Institute report (via 9News [7]).
Links:
[1] http://www.5280.com/tag/authors/michael-de-yoanna
[2] http://www.lightninghybrids.com/
[3] http://www.ncbr.com/enews.asp?date=7/8/2009#story1
[4] http://www.reporterherald.com/news_story.asp?ID=23879
[5] http://www.wired.com/autopia/2009/04/lightning-hybri/
[6] http://www.5280.com/../?p=9595
[7] http://www.9news.com/news/article.aspx?storyid=119125&catid=188