DevelopOhio

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.

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.