BROWNFIELD TO WIND TOWER MANUFACTURING: VENTOWER BREAKS GROUND!

FOR IMMEDIATE RELEASE

For Information Contact:
E. Laney Henson, CPSM (734) 454-9900
henson@sme-usa.com

Soil and Materials Engineers, Inc.(SME) joined Ventower Industries, LLC, Governor Jennifer Granholm, U.S. Congressman John Dingell, state and local officials, and others last week to celebrate the groundbreaking for Ventower’s new 115,000 square-foot wind tower manufacturing plant at the Port of Monroe in Monroe, Michigan. 

SME assisted Ventower and the project team secure $16.5 million in financial incentives including:

  • $2.07 Million State Brownfield Grants and Loans;
  • $2.0 Million Federal EPA Brownfield Loan;
  • $3.5 Million State Brownfield Tax Credits;
  • $5.0 Million Brownfield Tax Increment Financing; and
  • $4.0 Million Small Business Administration Section 504 Loan.
SME also simultaneously managed Ventower’s environmental due diligence requirements and provided geotechnical engineering solutions for complicated foundation issues associated with construction at the former industrial waste landfill site. SME designed and will be coordinating environmental response actions to address contamination issues on the site.
 
“Clean energy is one of the economic sectors we’ve targeted in our ongoing efforts to diversify Michigan’s economy,” Govenor Granholm said. “Ventower’s state-of-the-art facility will help us toward our goal of making Michigan a center for green manufacturing.” 
 
Ventower is a fabricator and supplier of industrial-scale wind turbine towers. Ventower expects construction to be complete and manufacturing to begin in early 2011. The company anticipates building up to 250 towers a year at the site and initially employing 150 people. 
 
About SME
SME supports clients at every stage of development and ownership, from site acquisition, design and construction, to maintenance, restoration and redevelopment. We’ve guided clients through the complex financial maze to take advantage of available brownfield and other development financing programs to help them achieve their goals. SME has secured over $85,000,000 in state/federal grants, loans, tax credits, and tax increment financing for municipal and private brownfield redevelopment projects valued at over $900,000,000. Since 1964, our mission has been to add significant value to our clients’ projects and become a trusted member of their project team. Our staff of over 200 professionals operates from nine offices in Michigan, Indiana and Ohio. We assist our clients locally and across the world by providing practical, sustainable solutions to the most challenging site and building related problems. From land use and brownfield redevelopment to green buildings and alternative energy sources, we are committed to helping our clients achieve a sustainable future. Our geosciences, materials and environmental capabilities serve many markets in the built and natural environment, covering Commercial, Development/ Redevelopment, Education, Energy, Healthcare, Industrial, Retail, State/Local Government, Telecommunications, Transportation, and Agriculture. 
 
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Last week, Ventower Industries, LLC broke ground on their new 115,000 square-foot wind tower manufacturing plant in Monroe, Michigan. Rendering courtesy of DeMattia Group.
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