The state of Wisconsin plans to take legal action against Kestrel for the company’s failure “to show measurable progress toward obtaining financing” to repay a state loan that’s 11 months overdue, the Duluth News Tribune reported this week. Wisconsin gave the company, headed by Alan Klapmeier, $4 million in state loans and millions more in tax incentives in 2012. The money was meant to help build a plant in Superior, Wisconsin, to work on the single-engine turboprop and help create more than 600 jobs.
Source: avwebKestrel Stalls In Wisconsin, Maine