Loan Fund Could Ease the Green Transition

Springfield News-Sun

WASHINGTON — If Sen. Sherrod Brown has his way, some of the auto parts suppliers now struggling as GM Corp. and Chrysler LLC founder will soon be making wind turbines and solar panels.

Brown introduced a bill Wednesday, June 17, to create a two-year, $30 billion revolving loan fund to help encourage small and medium-size manufacturers to retool and produce clean-energy products. Several of the manufacturers are located in Clark and Champaign counties.

The bill also would extend the federal Manufacturing Extension Partnership and expand it to $300 million a year for five years. That partnership, which is currently funded at $100 million a year, helps manufacturers access clean energy and adopt energy-efficient technologies.

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Loan Fund Could Ease the Green Transition »