Stimulus dollars on the way for Nordex - KAIT Jonesboro, AR - Region 8 News, weather, sports

Jonesboro, AR -- Lauren Payne Reports

Stimulus dollars on the way for Nordex

By Lauren Payne - bio | email feedback

The dust hasn't settled at the Nordex site since the company broke ground last year.  With construction right on schedule, there's  more good news for the company.  Nordex is set to receive 22 million dollars in tax credits.

"The federal government recognizes the major players in the industry.   Nordex is, and this now is confirmation," said Vice President of Production, Joe Brenner.

It's part of 2.3 billion dollars in clean energy manufacturing tax credits through the American Recovery and Reinvestment Act.  Arkansas is one of 43 states receiving money.

"It shows a major commitment from the federal government to the wind industry, and to Arkansas as a whole and for wind manufacturing jobs," said Brenner.

Brenner says the money will allow them to re-invest in the business.  It's good news for the state and the  local economy.

"It confirms the commitment to Arkansas, Jonesboro locally, and job creations.  These will be sustainable jobs," said Brenner.

Around 700 jobs by the time the facility is complete in 2014.  About one third of the money has been allocated toward the nacelle plant already under construction and the rest toward another facility to be built next year.

"The award shows that we're making valuable, meaningful contributions to the economy, the environment, and also to job creations," said Brenner.      

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