Eugene nonprofit to close

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Monday, March 24, 2014

Cascade Sierra Solutions owes $19 million to 13 secured creditors and around $40,000 to an additional 80 unsecured creditors.

Cascade Sierra Solutions has been hobbled for two years since a federal Environmental Protection Agency audit found fault with the company’s accounting and recommended that the federal government seek the return of a $9 million grant. The government said the nonprofit agency was unable to show that it was spending the public dollars in an allowed way.

 Read more at Statesman Journal

 

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