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Konarka Nabs $5M State Loan

Konarka Technologies, a Lowell, MA-based maker of flexible plastics that convert light into energy, says that it has landed a $5 million loan from the Emerging Technology Fund of Massachusetts Development Finance Agency and the Massachusetts Renewable Energy Trust’s Business Expansion Initiative. The loan is related to the October 2008 opening of Konarka’s manufacturing facility in New Bedford, MA. (Konarka’s success in raising money landed the firm on our list of 2008 cleantech deals of the year.)

Ryan McBride is Xconomy's correspondent. You can reach him at rmcbride@xconomy.com, or follow him on Twitter at http://twitter.com/Ryan_McBride.

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