Gov. Doyle at signing today; Rep. Mason second from left
Gov. Jim Doyle today signed into law Senate Bill 651, which creates a so-called "Green to Gold" revolving loan fund. The $100 million in state and federal funds will be available at low interest to Wisconsin industries wishing to lower their energy costs, make "green" products and create and retain jobs.
“My top priority has been and will continue to be helping businesses create jobs and giving our workers the opportunities to get those jobs,” Doyle said at the UW-Milwaukee bill signing.
The bill, written by Rep. Cory Mason, D-Racine, and Sen. Julie Lassa, D-Stevens Point, authorizes the Department of Commerce to make loans to manufacturing businesses to adopt energy efficiency measures, retool to manufacture green products, expand or establish domestic clean energy manufacturing, and create or retain jobs in this sector.
Mason said, “This is a huge win for Wisconsin’s struggling manufacturers, for workers, and for the environment. The Green to Gold fund is a smart use of existing resources, and will leverage our state’s manufacturing base and high-skilled workforce to put people back to work, creating clean energy products.”
Mason said he'd heard from manufacturers around the state that they wanted to make their facilities more energy efficient, "but funds are scarce, and it’s hard to get financing these days. The Green to Gold fund addresses this need."