Posted Friday February 5, 2010 6 months, 4 weeks ago
Governor Jim Doyle signs a bill that pools $238 million in recovery zone bonding authority into the state commerce department. Doyle signed the bill at a Wisconsin Rapids manufacturer that will use some of the money to break ground on a 535,000 squarte foot facility to make blades for wind turbines.
WISCONSIN RAPIDS, Wis. (WSAU) - Governor Jim Doyle signed a bill Friday that pools $238 million in recovery zone bonding into the state commerce department.
Doyle signed the measure at a Wisconsin Rapids manufacturer that could benefit from the bonding authority.
Energy Composites Corporation will tap into some of the money to break ground next month on a 535,000 square foot expansion to its business that will allow it to make blades for wind turbines. The project is expected to create up to 600 jobs, said Doyle and company officials.
"It's not only going to be Wood County that's going to be benefit from that," Doyle said. "That's going to have an effect throughout central Wisconsin."
Even though the measure pools all of the bonds together, it also allows cities and counties who have already made allocations to keep them.
That's important for Marathon County, which is expected to give final approval this month to let Foremost Farms use up to $11 million to expand production of pharmaceutical lactose at their plant in Rothschild.
Doyle said the bill he signed would have a greater impact if lawmakers also passed a measure that requires 25 percent of all energy in Wisconsin come from renewable sources by 2025. That Clean Energy Jobs act is pending in the Legislature.
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