As Auto Industry Stumbles, Renewables Boom in the Midwest

26 August 2009 - 5:00am

The ailing auto industry has many manufacturers in the Midwest transitioning to the renewable energy market, opening factories to build wind turbine parts and solar panels.

"The promise of wind and other forms of renewable energy has cast a ray of hope into an otherwise bleak economy, especially in the industrial Midwest.

'A couple years ago, there weren’t that many people interested,' says Edward Wolking, head of the Great Lakes Manufacturing Council. 'Now they’re just beating doors down.'

For those hoping renewable-energy technologies will save the economy of the Midwest, there’s a long way to go."

The void left by the auto industry doesn't look to be filled any time soon by the renewable energy industry, but strong growth and increased demand are offering signs of hope for manufacturers.

Source: The Christian Science Monitor, August 24, 2009
Bookmark and Share
If housing does exceed three times household income, it is a warning sign that there are likely regulatory impediments to that particular urban market's ability to supply affordable housing around the urban periphery.