On Thursday, the Peoria County Board approved a resolution to settle a lawsuit with other creditors involved in the Firefly Energy loan default. The $500,000 settlement allows the City and County to own Firefly’s intellectual property, which they can then sell free and clear to Electrotherm Ltd. of Ahmadabad, India. After the sale of [...]
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On Tuesday night, the city is probably going to approve a loan guarantee, in partnership with Peoria County, for Firefly Energy. This will allow Firefly to establish their headquarters here in Peoria and employ 65 people locally. Assuming they’re successful, which seems pretty likely, it won’t cost the city or county a thing. In [...] |
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