WindStream Technologies, Inc. has announced that it will site a new development and production facility in New Albany, Indiana, creating more than 260 new jobs by 2012.
.
The company, which manufactures small scale wind turbines called TurboMills, will invest several million dollars to establish its newest operations at the Purdue Technology Center in. The startup, currently operating out of Manhattan Beach, Calif., plans to begin hiring assembly and distribution associates and professional staff as facility and equipment upgrades are made at the site. WindStream's TurboMills are designed to capture wind energy in urban settings. The Indiana Economic Development Corporation offered WindStream Technologies up to US$ 1.5 million in performance-based tax credits and up to US$ 84,500 in training grants based on the company's job creation plans. The city of New Albany will provide additional funding for facility improvements and equipment purchases at the request of One Southern Indiana.
