WindStream Technologies to develop Indiana production facility
27th November 2009
WindStream Technologies, a wind power start-up based in Manhattan Beach, California, is to develop a new production facility in Indiana. The company, which manufactures small scale wind turbines called TurboMills, said that it will invest several million dollars in the new operations, expected to be finished by 2012.
The company has created technologies and manufacturing processes for the development and assembly of small scale wind turbines to capture wind energy in urban settings. Captured energy is used to supplement the energy requirement of low-power systems and equipment.
To encourage the company to set up its new facility there, the Indiana Economic Development Corporation offered WindStream up to $1.5m in performance-based tax credits and up to $84,500 in training grants based on the expectation of the company creating an estimated 260 jobs. The city of New Albany said that it will provide additional funding for facility improvements and equipment purchases at the request of the Southern Indiana chamber of commerce.
Dan Bates, president and CEO, WindStream, said, ‘We are very excited about the opportunity of locating our operations in New Albany and the support that Indiana has pledged to the company. It was clear from our first discussions that Indiana is looking to become a leader in the green economy and WindStream is proud to be a part of that positive effort.’
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