News
Broadwind loses $4.4M in 2nd quarter; But sales up 17 percent from last year
Broadwind, based in Illinois, began Abilene operations in 2008 and receives financial incentives from the Development Corp. of Abilene, which allocates the city's half-cent sales tax for economic development projects.
The DCOA has pledged up to $7.3 million to the company.
August 6, 2011
by Jaime Adame
in Abilene Reporter-News
Broadwind Energy, which makes wind towers in Abilene along with operating a separate maintenance facility, reported Friday a net loss of $4.4 million from continuing operations in its second-quarter earnings announcement.
But the company noted that sales of $39.3 million were up 17 percent compared with the second quarter of last year.
Broadwind, based in Illinois, began Abilene operations in 2008 and receives financial incentives from the Development Corp. of Abilene, which allocates the city's half-cent sales tax for economic development projects.
The DCOA has pledged up to $7.3 million to the company, with payouts based in part on the number of jobs... [continue via Web link]
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