Gov. Jim Doyle was set to announce a plan today to invest $80 million in state funds in an effort to encourage the development and use of renewable energy.
The governor says the state money would help leverage an additional $370 million in private investment and put the state at the forefront of the national movement to find alternative sources of fuel.
The plan includes a $50 million fund to give loans to companies expanding their use and production of renewable fuels and energy, tax credits to prod more gas stations to add ethanol-based gasoline and millions of dollars in grants for energy researchers.