Renewafuel Plant May Get Tax Breaks

With the renewable energy movement growing nationwide, the new biofuel plant coming to Marquette County may be in line for some tax breaks.

Renewafuel is planning to open its first production plant at K.I. Sawyer early next year.

When that happens, it’ll create at least 25 new jobs.

To help it get started, the Marquette County Board is considering giving the company a tax break.

The commissioners are voting tonight on the idea of designating Renewafuel as a business renaissance zone.

Any business in one of the zones has certain kinds of local and county taxes waived for 15 years.

Renewafuel will make biofuel cubes out of wood.

The Empire and Tilden mines, and Marquette’s Board of Light and Power, are going to be some of its customers.