Updated 1/2/2013 with the credit's legislative developments.
While “fiscal cliff” negotiations are happening in the nation’s capital, a lesser known issue is also on the table. And depending on the outcome, thousands of jobs in Missouri could be at stake.
Gerald Nickelson is a worker at CG Power Systems in Washington, Missouri. As he walks around the factory, he points out a line of workers in front of a machine, wrapping coil. Later, the coil will be housed inside a green metal tank and shipped off as a complete transformer.
The federal wind Production Tax Credit supports nearly 2,000 Missouri jobs, but is set to expire at the end of the year. If Congress doesn’t act to renew the subsidy that could change, which has some Missouri policy-makers worried.
State Senator-elect Scott Sifton of St. Louis joined representatives from Environment Missouri, a non-profit environmental advocacy organization, on Wednesday to call for Congress to approve the incentive.