Helios Solar Works secures $650,000 loan; will add a third shift

Helios Solar Works will use a loan of $652,079 from the Northwest Side Community Development Corp. to purchase equipment and add a third shift of workers at its Menomonee Valley solar panel factory, according to a report in the Milwaukee Journal Sentinel.

The loan will support an $11 million investment to purchase equipment that will help the solar panel manufacturer to meet growing domestic demand, and orders from Asia and Europe. Helios also said the loan would support the creation of 40 new jobs and its entry into the residential market.