A Department of Energy-funded program in Illinois will match clean-energy researchers with entrepreneurs looking for new ventures.
The Clean Energy Trust announced Thursday that it has received a $1.05 million grant from the DOE to help grow businesses out of universities' renewable-energy research. The program, Illinois Governor Pat Quinn said, is a three-way win for Illinois.
The Clean Energy Trust, he indicated, "will create new high-tech businesses, build a more sustainable future for our state and – most importantly – create good jobs right here in Illinois."
Illinois has been hit hard by the recession: The state's unemployment rate, at 10.1 percent, is higher than the national average, and the state Department of Employment Security says 4,200 jobs were lost in August alone.
New companies will be welcome in Illinois, then – especially if they pave the way to a greener future.
"This is an outstanding opportunity for Illinois to … create high-skill jobs that will make our state more competitive while helping to secure the nation's future energy supply," Clean Energy Trust board member Nicholas Pritzker said.