Subscribe
Close
  • Free for qualified executives and consultants to industry

  • Receive quarterly issues of Area Development Magazine and special market report and directory issues

Renew

Wind Energy Startup Establishing Operation in Indiana

11/23/2009
WindStream Technologies Inc., a startup manufacturer of small-scale wind turbines, will establish a production and development facility in New Albany, Indiana, according to the Indianapolis Business Journal. The company plans to create more than 260 new jobs over the next there years, including assembly and distribution workers and professional staff. Windstream manufactures turbines called TurboMills, designed to capture wind energy in urban settings; the new facility will be located in the Purdue Research Park. The state has offered the company up to $1.5 million in performance-based tax credits and up to $84,000 in training grants, contingent on job creation; the city will also provide additional funding for facility improvements and equipment purchases.

Follow Area Development

Share