CLEVELAND, Ohio — Nearly a dozen companies in Ohio will receive $82 million in tax credits to expand or build advanced energy manufacturing projects — and maybe create jobs
The credits were included Friday in $2.3 billion in tax credits President Barack Obama announced his administration would fund to assist 183 manufacturing projects in 43 states.
The money will come from the $787 billion stimulus bill approved last year.
Companies winning the credits include solar panel makers, wind turbine manufacturers and companies that make parts for wind turbines and companies that are developing energy management technologies, such a super-smart electric meters.
“The initiative we’re outlining today will likely generate 17,000 jobs, and the roughly $5 billion more that we’ll leverage in the private sector investments could help create tens of thousands of additional jobs,” the president said.
“And we’ll take an important step toward meeting the goal I’ve set of doubling the amount of renewable power we use in the next three years with wind turbines and solar panels built right here in the U.S. of A.,” he said. “Put simply, this initiative is good for middle class families. It is good for our security. It is good for our planet.”
The news conference came just hours after the Department of Labor reported the nation’s economy shed 85,000 jobs in December and the unemployment rate stayed at 10 percent.
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Courtesy of: cleveland.com