Sen. Brown wants energy tax credit program expanded to $5 billion

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Sen. Brown wants energy tax credit program expanded to $5 billion

Springfield News-Sun – U.S. Sen. Sherrod Brown and executives from seven Ohio companies Monday, Feb. 8, announced they are pursuing a new initiative to use tax credits to help firms that add jobs in the renewable energy industry.

To date, Ohio companies have received $125 million in federal tax credits through the Advanced Energy Manufacturing Tax Credits, including $900,000 to AccuTemp of Dayton to expand production.

Brown said the plan “is aimed at creating more clean energy jobs in Ohio and preventing funds from being used to create jobs overseas.”

Brown said the tax credit program should expand to $5 billion nationwide. He said he’s working with U.S. Energy Secretary Steven Chu and Treasury Secretary Tim Geithner “to maximize domestic job creation.”

Brown said Ohio ranks first in the country for clean energy jobs created through the Recovery Act and ranks fourth in the nation for potential job creation through the clean energy industry.

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