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Compromise spending bill helps Sage's manufacturing facility move forward

Post Time:Apr 19,2011Classify:Industry NewsView:73

Despite cuts to energy efficiency programs in the compromise spending bill approved by Congress and signed into law by President Obama last week, the legislation included provisions that will help a Minnesota company move forward with a major plant construction project expected to bring more than 160 “green collar” jobs and 200 construction jobs to the state.

Sage Electrochromics recently broke ground on what will be the world’s largest and most advanced electrochromic dynamic glass manufacturing facility, located in Faribault, Minn., 40 miles south of Minneapolis. The project is to be funded in part with a loan guaranteed by the Department of Energy, but a $25 million dollar fee levied on the loan potentially put the project in jeopardy, according to an April 18 Business Wire report.

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Source: http://www.glassmagazine.com/news-item/commercial/compromise-spending-bill-helps-sages-manufacturing-facility-move-forward-118000Author:

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