Five Small Manufacturers in Michiganhave been awarded $15.5 million in American Recovery and Reinvestment Act funds to help them diversify into advanced manufacturing of renewable-energy systems and components.
The federal stimulus funds will enable the companies to create and retain 713 jobs over the next two years. The five companies receiving grants were among nearly 80 companies who submitted applications to Bureau of Energy Systems, DELEG requesting nearly $198 million.
The grantees are: Astraeus Wind Energy (Eaton Rapids) $7 million to manufacture large scale, advanced-composite wind turbine blades and hub-related components; Energetx Composites (Holland) $3.5 million to manufacture large scale, advanced-composite wind turbine blades; Loc Performance Products (Plymouth) $1.5 million to manufacture planetary gears and gearboxes for utility scale wind turbines; Luma Resources (Rochester Hills) $.5 million to manufacture products for the residential photovoltaic solar market; and Merrill Technologies Group (Saginaw) $3 million to manufacture large-scale, advanced-composite wind turbine blades and system components.
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Source: Michigan Dept. of Energy, Labor, & Economic Growth (DELEG)
