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Thursday, December 10, 2009

Fed grants will help Milwaukee companies create green jobs

From an article in the BizTimes Daily:

Wisconsin Gov. Jim Doyle announced today that three Milwaukee area companies have been granted a total of $3.1 million in federal funding to help them invest in manufacturing equipment and create 276 new green jobs.
“Wisconsin has a tremendous opportunity to be a leader in clean energy,” Doyle said. “With these funds, we will help these companies not only create hundreds of new green jobs in Milwaukee, but also manufacture renewable energy and energy efficient products.”

The companies receiving the federal funding are:

+ Helios USA - $1 million. The Milwaukee start-up is a manufacturer that will produce solar panels for residential and commercial applications. It is leasing 40,000 square feet in an existing facility and will invest more than $8 million for equipment and working capital. Helios expects to create 54 new clean energy jobs.

+ Nature Tech LLC - $800,000. The company is a Milwaukee start-up manufacturer of energy efficient cellulose insulation manufactured from recycled newsprint. It is leasing a vacant facility and will invest more than $3 million in the project. The company plans to create 47 new clean energy jobs.

+ ZBB Energy Corp. - $1.3 million. ZBB of Menomonee Falls is investing $4.5 million in equipment and working capital to expand its advanced battery products manufacturing. The company will retain 26 jobs and plans to create 175 additional jobs.

Doyle has launched a plan calling for the state to achieve energy independence by generating 25 percent of its electricity and 25 percent of its transportation fuels from renewable resources by 2025.

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