Coda loan needs OK, say Ohio lawmakers

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Coda loan needs OK, say Ohio lawmakers

Columbus Dispatch – Coda Automotive has waited for more than a year after submitting its federal loan application to build a battery plant in Columbus.

It’s heard nothing.

That’s too long, according to a letter sent yesterday by members of Ohio’s congressional delegation.

“This advanced manufacturing facility would strengthen America’s capacity to engineer and produce the advanced technology vehicles we need to transition to a clean energy economy and reduce our dependence on imported oil,” said the letter, signed by Sens. Sherrod Brown and Rob Portman and Reps. Steve Stivers, Steve Austria and Pat Tiberi.

The letter is addressed to Secretary of Energy Steven Chu, whose agency is considering the loan of more than $500 million for an automotive battery plant that would employ more than 1,000 workers.

“Coda is on the front lines of innovation in manufacturing, which is one of the many reasons why central Ohio is the right home for its plant,” Brown said in a statement.

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