Tax Credits for AE Polysilicon

From the inbox:

Today, Pennsylvania Congressman Patrick Murphy (D-8th District) joined AE Polysilicon to announce over $44 million in investment for the creation of green energy jobs in Bucks County . The investment comes from tax credits that are available as part of the American Recovery and Reinvestment Act, and will allow AE Polysilicon to continue to create green jobs in the 8th District while developing cutting-edge green energy technology. Congressman Murphy has been a tireless advocate for the development of clean energy technologies in Bucks County that rebuild our economy, create jobs, and reduce our dependence on foreign oil.

The program, administered by the U.S. Department of Energy, provides a 30 percent tax credit for investments in 183 manufacturing facilities for clean energy products across 43 states across the country. The credits encourage investment in clean technologies that will decrease our dependence on foreign oil, strengthen our national security, and create good-paying jobs. With these $44 million in tax credits, AE Polysilicon can expand their manufacturing technology to develop the next generation of cutting-edge solar panel technology, meeting the need for clean energy products with parts and equipment made in the U.S.A.

“Congressman Murphy’s support for local business and bringing green jobs to Bucks County has been outstanding, and these tax credits will help us leverage our investments and continue to create jobs here in the 8th District,” said Dr. York Tsuo, President of AE Polysilicon.

“This tax credit that I fought for will help AE Polysilicon bring good-paying green jobs to Bucks County ,” said Rep. Murphy.

Congressman Murphy has successfully fought to bring millions in investment and hundreds of jobs to Bucks County in the past year alone. This is in addition to the thousands of jobs saved by his vote for the American Recovery and Reinvestment Act- ensuring police officers, teachers, and highway workers were saved from layoffs. Several examples include:

§ February 2009 – ETC Southampton , U.S. Navy contract: 300 direct jobs, hundreds more from using local contractors/vendors
§ March 2009 – Humanistic Robotics: several dozen jobs and new company moving into Bucks
§ April 2009 – Neshaminy Creek Watershed: 200 jobs elevating homes and businesses along the flood plain
§ May 2009 – Lockheed Martin, NASA contract: 50 new jobs direct from contract; many more expected through 2010 (total of 250 so far since Rep. Murphy took office)
§ June 2009 – SEPTA Croydon Station revitalization: 2-year project, over 100 jobs
§ August 2009 – Brenner Aerostructures, Boeing contract: 25 new jobs over 2 years
§ November 2009 – ETC Southampton , South Korean Air Force contract: 100 direct jobs, hundreds more from using local contractors/vendors
§ December 2009 – Y-Carbon, Inc.: 25 jobs from expanding their manufacturing operation to Bucks from Montgomery
§ January 2010 – Gamesa USA : $2.8 million in tax credits for manufacturing and green jobs
§ January 2010 – AE Polysilicon: $44 million in tax credits for manufacturing and green jobs