ATHENS, Ohio –Today, U.S. Sen. Sherrod Brown (D-OH) toured Stirling Ultracold in Athens and met with company leadership and employees. In June, Stirling Ultracold’s parent company, Global Cooling, Inc. announced a $5.5 million shareholder investment, which included federal New Markets Tax Credit financing to expand its current production capabilities.
“Companies like Stirling Ultracold create opportunities for the Athens community and its workers,” said Brown. “Investing in quality manufacturing means good jobs that can help spur further economic growth. The New Market Tax Credit is working for Ohio.”
Stirling Ultracold freezers are ultra-low temperature freezers with engineering systems that allow them to operate in an environmentally-friendly way.
“We are very pleased that Senator Brown accepted the invitation to come to our Athens facility,” said Neill Lane, CEO of Global Cooling and Stirling Ultracold. “Today’s visit not only allows him to see our manufacturing operation and meet our employees, but also provides an opportunity for us to thank the Senator for his support of targeted federal incentives enabling job growth. Stirling Ultracold has benefited from the federal New Markets Tax Credit program that Senator Brown helped extend in 2014. As an Ohio manufacturer operating in a Historically Underserved Business Zone, we embrace government collaboration with the private sector to bring innovative ideas to market and create quality manufacturing jobs.”
Brown has been a strong supporter of the New Markets Tax Credit, which incentivizes investments in low-income communities. In December 2015, Brown helped secure a five-year extension of the New Markets Tax Credit in the year-end tax bill.