Retooling Local Firms

Wapakoneta Daily News

Six Wapakoneta-based companies employing approximately 630 people could benefit from a bill proposed by U.S. Sen. Sherrod Brown, officials with a research organization reports.

Brown, D-Ohio, is pushing a bill he introduced last week to create a $30 billion revolving loan program to help auto suppliers and other small to mid-size manufacturers retool for the clean energy industry.

The bill would provide the Hollings Manufacturing Extension Partnership (MEP) with $1.5 billion in federal funds during the next five years to help manufacturers transition to clean energy markets and adopt energy-efficient manufacturing technologies. At present, the nation’s 59 MEP centers receive approximately $100 million in federal funds, with states matching federal funds two-to-one.

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Retooling Local Firms »