Gov. Kathleen Sebelius, D-Kan., has signed a bill to modify the Kansas Economic Revitalization and Reinvestment Act.
S.B.108 revises the Economic Revitalization and Reinvestment Act to provide certain economic incentives to eligible wind or solar energy projects. Eligible projects are those relating to the research, development, engineering or manufacturing of a business component or product for either the wind or solar energy industries.
An eligible project would also require a minimum of $30 million of proposed investments in Kansas. Additionally, the project would have to employ a minimum of 200 full-time employees within five years, at an average salary of at least $32,500.
‘To recover from this economic recession, we must look to new industries and new opportunities,’ says Sebelius. ‘Renewable energy companies are a perfect fit for Kansas, as we're the third-best state in the nation for wind energy, and we have a trained and able workforce.’
This legislation will become effective upon its publication in the Kansas Register.
SOURCE: Office of Gov. Kathleen Sebelius