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President Obama to visit East Bay next week?

By Josh Richman
Friday, May 21st, 2010 at 9:25 am in Barack Obama, economy, Obama presidency.

Rumor has it that President Barack Obama – who’ll be in the Bay Area next week for a pair of Tuesday-night fundraisers benefiting U.S. Sen. Barbara Boxer‘s re-election campaign and the Democratic Senatorial Campaign Committee – will be in the East Bay on Wednesday.

SolyndraI hear he’ll visit Solyndra Inc. of Fremont, which is using a $535 million federal loan guarantee it received through last year’s economic-stimulus legislation to build a solar-panel manufacturing plant. Solyndra makes thin-film, tube-shaped solar modules that maximize energy output while minimizing installation costs. The new plant, just down Kato Road from the existing one and twice as large, is projected to create 3,000 temporary construction jobs and an estimated 1,000 long-term production jobs.

It would seem Fremont is being positioned as a green-tech capital, what with Solyndra’s boom as well as yesterday’s news that Tesla Motors and Toyota are partnering to build all-electric cars at the recently shuttered New United Motor Manufacturing Inc. (NUMMI) plant in Fremont, creating more than 1,000 new jobs.

I’ve got some calls out on this, and will update as more information arrives.

UPDATE @ 2:10 P.M.: All true. See the full story here.

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  • Mike F.

    Bad News – Solar panels can be made cheaper outside the US. Better to have put this money elsewhere. Why are we financing select companies this way? Just give the entire industry a huge tax break, so everyone benefits, not simply this one manufacturer. This smells of crony capitalism.

    Good News – Toyota and Tesla are partnering at the NUMMI. Actually this is great news, perhaps this will perfect the Tesla product and make it more financially reachable for consumers. Capitalism can be boss.

  • Elwood

    “President Obama to visit East Bay next week?”

    Be still, my heart!

    He’s done such a wonderful job on every problem so far, I can hardly wait for him to straighten out the East Bay.