Dayton firm receives $900K in clean energy tax credits

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Dayton firm receives $900K in clean energy tax credits

Dayton Daily News – DAYTON — A Dayton company will receive a $900,000 tax credit as part of a slew of clean energy manufacturing assistance announced Friday, Jan. 8, by Ohio Sen. Sherrod Brown.

Brown said the nearly $125 million in tax credits will create manufacturing jobs and help make “Ohio the Silicon Valley of clean energy manufacturing.”

In Dayton, Acutemp, 2900 Dryden Road, will use $900,000 in credits to purchase equipment for a six-fold increase in manufacturing of panels used in high-efficiency Energy Star appliances.

A company representative couldn’t be immediately reached.

Ohio already ranks fourth in the nation for clean energy jobs, said Brown. Brown said that within the last three years, Ohio has attracted more than $74 million in clean energy venture capital.

“These funds will help create new jobs in clean energy manufacturing and help make Ohio the Silicon Valley of clean energy manufacturing,” Brown said.

The funds, which were authorized through the Recovery Act’s Advanced Energy Manufacturing Tax Credit program, represent investment tax credits of 30 percent for facilities that manufacture energy equipment. To be eligible for the tax credit, manufacturers must produce solar, wind, and geothermal energy equipment; fuel cells, microturbines, and batteries; electric cars; electric grids; energy conservation technologies; and equipment that captures and sequesters carbon dioxide or reduces greenhouse gas emissions.

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