President Obama Announces Winners of $2.3 Billion In New Clean Energy Manufacturing Tax Credits

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On January 8, 2010, President Obama announced the selection of 183 projects to receive a 30-percent tax credit for investments in manufacturing facilities for clean energy technologies. The federal government will provide $2.3 billion in such tax credits to manufacturing projects located in 43 states. The tax credit program would leverage an additional $5.4 billion in private sector funding and—through the combined public/private funding—is anticipated to create up to 41,000 new "green" jobs.

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Published In: Business Organization Updates, Elections & Politics Updates, Energy & Utilities Updates, Environmental Updates, Tax Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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