State to Lend at Low Interest to Green Firms $22.1 Million to Be Used to Start Revolving Fund

Summary

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The state Department of Commerce will set up a revolving fund to distribute low-interest loans to manufacturers looking to produce renewable energy or retool to make renewable-energy components.

The State of Wisconsin will receive $22.1 million from the federal American Recovery and Reinvestment Act to fund those projects and others that would reduce manufacturers' use of fossil fuel and greenhouse gas emissions, the federal Department of Energy said Monday.

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State to Lend at Low Interest to Green Firms $22.1 Million to Be Used to Start Revolving Fund

Under the state program, Wisconsin plans to award 2% loans to businesses under a competitive bidding process. Eligible projects would be companie...

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