Wind Turbine Maker Gets Boost
by Associated Press
Capital Press, December 11, 2008
PORTLAND - Portland Mayor-elect Sam Adams says the city is offering $12.5 million in incentives to Vestas Wind Systems in hopes the world's largest maker of wind turbines will expand its Portland operations.
City officials would like the Danish company to build a $250 million facility and add 850 white-collar jobs to its Portland work force.
Vestas' North American headquarters are already in Portland, but the deal would help ensure the company stays put and expands its Portland work force from 350 to 1,200 employees.
Adams says city financial officials estimate Vestas would repay the city's incentives through taxes and fees within four years.
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