Business Now: Scooter company shuts down, CEO disappears
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Pflugerville city officials are left seemingly empty-handed.
Click here to read more about this story from the Austin Business Journal.
Officials say the CEO of National Scooter Company Inc. has taken customer and city money and disappeared for good.
Two years ago, the City of Pflugerville approved a $235,000 incentive agreement to lure CEO Greg James’s company to the community north of Austin.
For about a year, James collected $165,000 from the city to create jobs and build a plant. He then decided to temporarily shut down the plant due to a “slow season.”
Nine months later, the company is still shut down and James is nowhere in sight. Learn more about the scandal in this edition of “Business Now.”