Astraeus Wind Energy Inc., an affiliate of Eaton Rapids-based Dowding Machining, received $7 million in federal stimulus funding to build machines for wind turbine production.
According to excerpts from the article:
Astraeus Wind Energy Inc. won the largest grant among five Michigan companies that received a total of $15.5 million Wednesday.
The grants are expected to allow the five companies to retain or create 713 jobs over the next two years, Gov. Jennifer Granholm said in a statement.
Companies with 500 or fewer full-time employees were eligible to apply for the grants to get into the business of manufacturing renewable energy technologies such as wind, solar, geothermal and biomass.
Nearly 80 companies requested almost $198 million.
Read the entire article here.
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