Bills aimed to IMPACT job creation, clean energy

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Bills aimed to IMPACT job creation, clean energy

Wapakoneta Daily News – An official with Minster Machine Wednesday says legislators in Washington, D.C. need to make sure utility rates do not soar when they consider new legislation.

David Winch, executive vice president of Minster Machine, made the request during a media teleconference call held by U.S. Sen. Sherrod Brown, D-Ohio, regarding the Investment for Manufacturing Progress and Clean Technology (IMPACT) bill.

In recent years, Minster Machine has become involved in the manufacturing of components for the wind energy industry.

“Anything that can really help businesses as we hopefully come out of a lengthy global recession, which we certainly have been in, would be appreciated,” Winch said. “Minster is a relatively medium-sized small business that has been around for a long time and we ship product all over the world and I can tell you it’s been a global recession.”

The bill would create a $30 billion Manufacturing Revolving Loan Fund to help small-and mid-sized manufacturers switch to a clean energy economy. The infusion of capital is vital, Winch said.

“The first thing businesses need are customers, and the second thing they need is access to capital as we come out of recession,” Winch said. “I think it’s a challenge for people to get access to capital, particularly in recessions. When you have a declining backlog and not much to look at in terms of a forecast. As things improve, certainly having access to capital is going to be important.”

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