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Solar company investing $13.5M in expansion in Henry County
APA Solar Racking will invest “$10 million for equipment and $3.5 million in property” to expand its Henry County operations to add a manufacturing division, The Crescent-News reports. The expansion plans include creating “110 new jobs while retaining 90” current jobs, with payrolls for these positions topping $10 million, according to the article. JobsOhio is providing a $2 million loan and a $250,000 grant for the project; additional funding sources include “a Port Authority loan and Henry County’s revolving loan fund,” the article reports. Henry County Community Improvement Corporation (CIC) Executive Director Jennifer Arps called the plans a “great expansion and growth.” For more, read the full article.
Local government incentives available under Inflation Reduction Act
Federal energy policy is making many new incentives available for local governments to fund energy-related assets. The Inflation Reduction Act (IRA), enacted in 2022, established a set of energy-related asset categories that are now being directly subsidized by the federal government. Under the IRA, nearly any advanced or renewable energy asset constructed by a local government is eligible for some kind of federal cash subsidy. For more, read the full article.