HOLLAND, Mich. (AP) — The state and federal governments are providing $7 million to help a western Michigan company develop wind-energy products.
Energetx Composites of Holland makes turbines. The Michigan Economic Development Corp. this week said it's giving $3.5 million and the U.S. Energy Department will match it.
Energetx says it's working with Midland-based Dow Chemical Co. and Oak Ridge National Laboratory in Tennessee. The company hopes to bring 1,000 new jobs to Holland by 2016.
Energetx is related to a boat company called S2 Yachts and was formed to use some of the same manufacturing capabilities.
