POSTED ON JUNE 23rd, 2010
Mayor Barrett joins Ingeteam for new factory groundbreaking
Menomonee Valley wind generator facility plans 275 new jobs
Milwaukee Mayor Tom Barrett joined top executives from Ingeteam for a groundbreaking Wednesday at the site of the Spanish company’s new manufacturing facility. Ingeteam’s $15-million factory is the company’s first North American production operation and will build Indar wind power generators and Ingeteam converters and solar power inverters.
Ingeteam plans to employ 275 people at the 100,000 square foot facility in the city’s Menomonee Valley Business Park.
“Hard work and cooperation have brought us to this celebration,” Mayor Barrett said. “Ingeteam is creating new jobs here and building high-quality renewable energy components. Milwaukee is growing its green economy and reusing a former brownfield.”
Milwaukee city government and the Wisconsin Department of Commerce worked with the Milwaukee 7 regional economic development group to identify programs and tools that were used to attract Ingeteam to southeastern Wisconsin. The company considered locations throughout the United States before deciding on Milwaukee.
“We selected Milwaukee for its close proximity to distribution channels, its experienced engineering labor pool and the persuasiveness of the local government officials, who highlighted the virtues of Wisconsin,” said Aitor Sotes, CEO of Ingeteam. “We look forward to delivering high quality renewable energy components and becoming part of the Milwaukee community.”
The company’s new facility will occupy an 8.1 acre parcel that Ingeteam is purchasing from the city at market rates. A package of loans and tax credits, including Wisconsin’s JOBS tax credit and New Markets tax credits for construction financing, helped Ingeteam to select Milwaukee.
Participants in the groundbreaking ceremony included Gil Sperling, a senior policy advisor at the U.S. Department of Energy -- Office of Energy Efficiency and Renewable Energy, Zach Brandon, Deputy Secretary of the Wisconsin Department of Commerce, and other elected and appointed government officials.
The groundbreaking was hosted by MSI General, the company responsible for designing and building the Ingeteam facility.
Ingeteam plans to begin manufacturing at its new plant in 2011.