Clean Energy Business Loan Program
Wisconsin will strategically deploy $55 million in SEP-ARRA funds to support clean energy business development. Governor Doyle has directed that projects funded from SEP-ARRA dollars are both effective and enduring. Creation of jobs in the short term is the immediate goal of SEP-ARRA; but, in addition, the program goals are to invest in projects that will ensure not only short-term job creation, but development of businesses that will create clean energy jobs for decades. Manufacturing is a critical industry in Wisconsin, which leads the U.S. in percentage of non-farm employment.
Specifically, the program will target low-interest loans to businesses that promote:
• major renewable energy production projects;
• the manufacture of clean energy products;
• advanced manufacturing of clean energy components;
• retooling to provide component parts and other critical needs for a successful, totally integrated supply chain;
• improving industrial users' competitiveness through energy efficiency and renewable energy deployment.
• A key objective with SEP-ARRA funds is to leverage private sector investment.
If your manufacturing business is interested in learning more about this program please visit commerce.wi.gov/BD/BD-SEP-ARRA.html