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The Boston Globe


Massachusetts gets $3m back from A123

With the completion of A123 Systems’ sale to a Chinese auto parts conglomerate, Massachusetts has received a $3 million payment meant to cover part of a loan it made to the Waltham battery firm, a state official said.

The state gave $5 million to A123 in 2010 to help the company expand its operations for making large, grid-scale batteries, and to create 250 jobs.

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