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WEDC, WHEDA providing $900k grant for new Energy Innovation Center

MILWAUKEE (WTAQ) - A new Energy Innovation Center in Milwaukee is getting $900,000 in state funding.

The Wisconsin Economic Development Corporation and the state's Housing and Economic Development Authority is providing the funds for the new center.

Construction is expected to begin in September at the site, located at the former Eaton Corporation research lab on Milwaukee's north side.

Business and academic leaders in Milwaukee first brought up the idea of a new lab 5 years ago. It's expected to come up with energy and power technology that could help large Wisconsin manufacturers like the makers of electrical equipment.

A study last year by the economic development agency found that electric equipment manufacturing is the state's largest sector in terms of gross product -- and it's a had a solid growth of 31 percent from 2008 through 2011, right during the Great Recession.

The Obama White House highlighted the innovation center project earlier this year, when it named the Milwaukee region as an advanced manufacturing center which could be eligible for federal industrial grants.

(Story courtesy of Wheeler News Service)