Brown Announces Nearly $125 Million in Tax Credits for Ohio Clean Energy Manufacturing

Tax Credit Will Create Clean Energy Manufacturing Jobs in Bedford, Bucyrus, Circleville, Dayton, Findlay, Perrysburg, and Toledo - Brown is Working to Make Ohio the Silicon Valley of Clean Energy Manufacturing

WASHINGTON, D.C. - U.S. Sen. Sherrod Brown (D-OH) announced today that Ohio facilities will receive nearly $125 million in tax credits to support the creation of clean energy manufacturing jobs. Ohio already ranks fourth in the nation for clean energy jobs, and Brown, who was recently described as "Congress' leading proponent of American manufacturing," is working to make Ohio the Silicon Valley of Clean Energy Manufacturing.

"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. These funds will help create new jobs in clean energy manufacturing and help make Ohio the Silicon Valley of Clean Energy Manufacturing."

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.

Brown has also been leading the fight in Congress to promote the competiveness of U.S. manufacturing and to create new jobs through the clean energy industry. He is the author of the Investments for Manufacturing Progress and Clean Technology (IMPACT) Act, which would establish a $30 billion Manufacturing Revolving Loan Fund to help small and mid-sized manufacturers transition to the clean energy economy through retooling. The bill would also expand the Manufacturing Extension Partnership (MEP) in order to help manufacturers access new export markets. The bill is estimated to have the potential to generate more than $100 billion in revenue for clean energy businesses and create 680,000 direct manufacturing jobs and nearly two million indirect jobs nationwide over five years. Brown is also working to improve the Advanced Energy Manufacturing Tax Credit included in the Recovery Act. His draft plan calls for increasing the maximum cap on the tax credit and helping to ensure that taxpayer dollars go toward domestic job creation.

Ohio already ranks fourth in the nation for clean energy jobs with clean energy industries as one of the fastest-growing emerging sectors in the state's economy. Within the last three years, Ohio has attracted more than $74 million in clean energy venture capital.

A breakdown of Ohio's share of the $124,981,680 in tax credits can be found below:

Company

Town

Amount

Description

AcuTemp

Dayton

$900,000

Acutemp will purchase equipment for a six-fold increase in manufacturing of panels used in high-efficiency Energy Star appliances.

Cardinal Fastener & Specialty Co

Bedford

$480,000

Cardinal Fastener & Specialty will manufacture hot-forged, critical fasteners used in wind turbines.

E.I. du Pont de Nemours and Co.

Circleville

$50,730,000

Dupont will expand production of high-performance polyvinyl films, part of the critical backsheet component of solar panels.

First Solar, Inc.

Perrysburg

$16,320,000

First Solar will expand its manufacturing facility to produce fully completed thin-film solar modules, which converts sunlight to electricity more efficiently than traditional materials.

General Electric Lighting, Inc

Bucyrus

$19,831,680

GE will re-equip a lamp plant to manufacture energy-conserving T8 and T5 linear fluorescent lamps. 

The Dow Chemical Company

Findlay

$2,220,000

Dow's plant will produce special coatings for use in solar cell manufacture

Xunlight Corporation

Toledo

$34,500,000

Xunlight's first product is lightweight photovoltaic solar energy, which is thin and flexible enough to be rolled for shipping and is designed for easy application on rooftops.

For a full list of selected projects, CLICK HERE.

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