Tuesday, November 15, 2011
 
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Development partnership calls for federal renewal of wind energy tax credits

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[November 15, 2011]  The Lincoln & Logan County Development Partnership board voted unanimously Oct. 24 to support and advocate for the renewal of federal wind energy tax credits. As many of the members explained, these tax credits have created an additional economic development tool for Logan County. If these tax credits were allowed to expire, many current and potential wind projects may disappear.

HardwareLogan County's location makes it ideal for the development of large wind farms for two reasons. First is the area's location on the edge of the central Illinois wind belt. Second, the large rural areas lend themselves to the development of large wind farms.

The Logan County Board has estimated that the development of current wind farms may bring in approximately $1 million in permitting fees and revenue. Of those funds, 71 percent has been allocated to help local schools and educational facilities with upkeep and repair.

On Monday, the development partnership sent letters to all regional congressmen and senators, including U.S. Sens. Dick Durbin and Mark Kirk and U.S. Rep. Aaron Schock. The letters were sent with the hope of informing those who represent the area in Congress of the implications for the Logan County economy and school systems if the tax credit were allowed to expire. Without the continuation of these tax credits, wind development in central Illinois will be difficult.

The Lincoln & Logan County Development Partnership is a nonprofit organization with the goals to develop new business, retain current business and enhance the quality of life in Lincoln and Logan County.

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Letters to U.S. senators and representatives

[Text from file received from Lincoln & Logan County Development Partnership]

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