By Timothy B. Hurst •
April 10, 2009
Wind turbine manufacturer Global Wind Systems announced today that it will be hiring 250 new employees to work in the company’s new wind turbine assembly plant in Novi, Michigan, thirty miles west of Detroit. The news brings a ray of hope for a regional economy struggle under the weight of a sinking auto industry.
In December, Global Wind Systems received $7.3 million in tax credits from the Michigan Economic Growth Authority in December to create 256 direct jobs over six years. Founder and CEO of Global Wind Systems, Chris Long told the Detroit News that he hopes to almost double that number of jobs in just two years.
By Timothy B. Hurst •
January 4, 2009
Considering that the Big Three automakers are in Big Trouble, a little economic retooling in the country’s manufacturing midsection may be as prudent now as it ever has been.
By Reenita Malhotra •
October 4, 2008
Given the hue and cry that has been unleashed in America with regard to the bailout, there is finally good news for the renewable energy industry. The Emergency Economic Stabilization Act of 2008, passed by the House of Representatives and signed into law by President George Bush immediately afterwards, extends investment and production tax credits for the wind and solar industries. The extensions will be partly paid for by a change in the tax code for the oil and gas [...]
