Wisconsin Creates a Green To Gold Fund for Manufacturers
May 26, 2010
Wisconsin Governor Jim Doyle signed into law on May 13 a bill authorizing the Wisconsin Green to Gold Fund, a $100 million revolving low-interest loan fund for manufacturers to reduce their energy costs, improve their bottom line, and create jobs. Wisconsin used some of its funding from the 2009 American Reinvestment and Recovery Act provided to it through the DOE State Energy Program to establish the revolving loan fund.
Senate Bill 651 streamlines state and federal resources to assist manufacturers in retooling their facilities to create and retain jobs. It authorizes the state's Commerce Department to make loans to manufacturing businesses to increase energy efficiency, retool to manufacture green products, expand or start domestic clean energy manufacturing, or create jobs in that green sector. For more information, read the governor's press release.