Governor Quinn Announces $2 Million in Incentives for Wanxiang America to Manufacture Solar Panels in Rockford

ROCKFORD - March 23, 2009. Governor Pat Quinn today announced a $2 million investment package to support Wanxiang America Corporation's plans to establish a high-tech, solar panel manufacturing facility in Rockford. This project will result in the creation of at least 60 new jobs in the fast-growing solar energy industry.

"Illinois is the perfect location for companies looking to stay ahead of the curve in an increasingly competitive economy," said Governor Quinn. "This investment creates important jobs in the renewable energy sector and supports a business that harnesses the sun's power, undoubtedly the best and most abundant source of renewable energy available."

Wanxiang America seeks to develop its renewable energy business in the U.S. with the Rockford solar panel operation. As part of the agreement, Wanxiang America is proposing to construct one of the largest solar farms in the country by leasing up to 200 acres on airport property in a public-private cooperative. Wanxiang currently has 4,100 employees in the U.S. and more than 45,000 globally.

"Wanxiang America appreciates Illinois' positive business environment and skilled labor force," said Mr. Pin Ni, president of Wanxiang America Corporation. "As the U.S. moves towards energy independence, our Rockford-based solar panel manufacturing operation and the jobs it creates will help Illinois remain at the forefront of the renewable energy industry."

The Illinois Department of Commerce and Economic Opportunity is administering the business investment package with an array of incentives and grants estimated at $2,075,000. The state's support comes from the Economic Development for a Growing Economy (EDGE) program, Employer Training and Investment Program (ETIP), plus grants from the Recycling Expansion and Modernization (REM) and Renewable Energy programs.

Along with the State of Illinois, the City of Rockford developed this project as a joint development agreement with Winnebago County and the Chicago-Rockford International Airport.

"We worked hard to bring these jobs to Rockford. Because of our strong alliance with the State and our local partners, we won this project in a national search as we redevelop our local economy," said Rockford Mayor Lawrence J. Morrissey. "We look forward to growing our industrial partnership with Wanxiang in the years ahead."

"This unique development with Wanxiang builds off of Winnebago County's alternative energy vision to create jobs for our local economy," said Scott Christiansen, Winnebago County board chairman.

"Alternative energy jobs are at the forefront of our local economic development efforts and a major component of President Obama's stimulus package," said Mike Dunn, Chicago-Rockford International Airport board chairman. "This solar farm shines the national spotlight on Illinois, the Rockford area, and our unique energy co-op."