New law helps Wisconsin Rapids company as clean energy leader - WAOW - Newsline 9, Wausau News, Weather, Sports

New law helps Wisconsin Rapids company as clean energy leader

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Governor Jim Doyle signs the Recovery Zone Bill Governor Jim Doyle signs the Recovery Zone Bill

by Bryon Graff

WISCONSIN RAPIDS (WAOW) - Governor Jim Doyle signs the recovery zone bill into law.

That paves the way for low interest financing for companies like Energy Composites in Wisconsin Rapids.. on its 45 million dollar project.

It also helps the company become a clean energy leader.

Backed by the local lawmakers who fought for the Recovery Zone Bill... Governor Jim Doyle's signature signals a giant step forward in Wisconsin Rapids' economy recovery.

Senator Julie Lassa/D-Stevens Point: This is just a wonderful moment for the Wisconsin Rapids area and central Wisconsin.

This law allows Energy Composites to kickstart a 45 million dollar project. If this had not gone through, Wood County would've only been able to allocate $440,000.

Jamie Mancl/Energy Composites Founder, President: What an absolute wonderful opportunity for all businesses in the state of Wisconsin.

The governor calls for Wisconsin to consume 25 percent of its energy from renewable resources by the year 2025. Energy Composites will produce wind blades that will be used across the world.

Governor Jim Doyle: That growth, nationally, is hundreds of billions of dollars and I want to make sure that Wisconsin is the place where we're making those blades, the gear boxes, that we're building the towers.

Mancl: It will give us a wide variety of diversification with wind energy blade production. A range from 40-65 meters as the demand for blades increase off shore to Great Lakes and ocean where the real strong wind actually is blowing. The Great Lakes has the potential to be the Saudi Arabia for oil.

600 jobs are planned to open up. Energy Composites already has a 16 week training curriculum set up and plans to start training in May with plant production to start in 2011.

Groundbreaking for the 535,000 square foot plant is scheduled for the first week in March.

Online Reporter: Bryon Graff

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