Ohio Senator introduces legislation to expand manufacturing tax credit

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Ohio Senator introduces legislation to expand manufacturing tax credit

Reliable Plant – U.S. Senator Sherrod Brown (D-Ohio) on May 7 introduced legislation that would expand and improve the Advanced Energy Manufacturing Tax Credit (48C) program. The Security in Energy and Manufacturing (SEAM) Act, co-sponsored by Senators Charles E. Schumer (D-New York), Jeff Merkley (D-Oregon), Robert P. Casey (D-Pennsylvania) and Kay Hagan (D-North Carolina), would promote more domestic manufacturing of clean energy technology.

"Manufacturing is critical to the strength of our nation and the future of our middle class, and clean energy represents the future of American manufacturing," Brown said. "Ohio already has a skilled workforce and a rich manufacturing heritage. Expanding this tax credit would create new manufacturing jobs in a future clean energy economy and help make Ohio the Silicon Valley of Clean Energy Manufacturing."

"If there was ever a market tailor-made for U.S. heavy industry, wind would be it. The parts match our manufacturing infrastructure and capabilities. The applications are here, and logistics favors local sources. However, our manufacturers must have the latest technology and equipment to successfully compete against already-established wind suppliers from other continents," Ed Weston, director, The Great Lakes WIND Network (GLWN). "We believe it provides important incentives to catalyze the investments necessary to grow our nation's wind supply chain."

"The Advanced Energy Manufacturing Tax Credit is aimed at manufacturers that are retooling for the clean energy economy, and are creating jobs here in the United States," said David Foster, executive director of the Blue Green Alliance. "These targeted tax credits are instrumental in making America competitive in the race for a clean energy economy and help to create good, green jobs for Americans across our great country."

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