Ventower’s Michigan Factory Progresses

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Monroe, Mich.-based Ventower Industries will begin hiring by year's end for a Port of Monroe factory that will make towers for industrial-sized wind generators. The facility will house approximately 150 employees by early 2012, The Blade of Toledo, Ohio reports.

The paper reports the privately owned start-up company will begin with about 50 employees early next year after opening its $22 million factory and gradually increasing production and employment.

Ventower recently received a $2.3 million grant and $1.2 million loan in clean-energy stimulus funding as part of the American Recovery and Reinvestment Act.

The company uses a mixture of private investment, government incentives and loans.

Prior to being awarded federal stimulus money last month, Ventower received a federal, state and local incentive package totaling about $16.5 million. The package includes a $2 million Environmental Protection Agency loan for building its factory on a former industrial site, and a $4 million Small Business Administration loan.

Ventower, which is in contract discussions with a number of turbine makers, plans on building 250 towers annually.

SOURCE: Toledo Blade

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