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Alcoa, China Power Investment outline joint venture - Pittsburgh Business Times - 0 views

www.bizjournals.com/...nd-china-power-investment.html

shared by Yadkin River on 20 Dec 11 - No Cached
  • Aluminum maker Alcoa    Alcoa Latest from The Business Journals Clean Tech deal in Badin canceledSouthwest Airlines to launch Boeing 737 MAXAfter markets' tough day, a possible rebound Follow this company (NYSE: AA) and the China Power Investment Corp. signed a letter of intent outlining the framework for a joint venture between the two companies
    • Yadkin River
      Yadkin River on 20 Dec 11
       
      This is the followup from the Jan 2011 executed MOU in Washington DC
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Ohio Green Strategies Blog published by Bricker & Eckler LLP - 0 views

www.ohiogreenstrategies.com/details.aspx

ohio Calisolar GMPlant

shared by Yadkin River on 30 Dec 11 - No Cached
  • Jun 02, 2011 Calisolar incentive agreement awaits PUCO approval   Calisolar Inc. filed an agreement with the Public Utilities Commission of Ohio this week that if approved could save the company more than $100 million in electricity costs at its proposed manufacturing facility in Ontario, Ohio, according to an article in the Mansfield News Journal. Calisolar, Ohio Edison Co. and PUCO staff have signed off on the incentive agreement and urged the five-member Commission to quickly approve it. Calisolar, a producer of low-cost silicon for solar cells, plans to take over a vacant General Motors plant. The incentive agreement is contingent upon several things, including Calisolar hiring a certain number of employees. In exchange for locating in Ohio Edison's service area, the agreement states Calisolar will be eligible for up to $100 million in electric rate discounts if the facility's full-time employment is 1,100 or less, and up to $125 million in discounts if employment exceeds 1,100, according to the article.
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djournal.com - Amory project among top 15 in country - 0 views

nems360.com/...roject-among-top-15-in-country

Correnti STEELDEVELOPMENT davidstickler MonroeJournal CleanTech governor AmoryMS chinese MonroeCountyMS

shared by Yadkin River on 04 Jan 12 - No Cached
  • Amory project among top 15 in country* Steel Development Corp. is building a $200 million plant that will employ 150 workers.By CHRIS WILSONMonroe Journal
  • Trade amp& Industry Development magazine has named Amory's steel mill project one of the top 15 projects in the country.
  • community-transforming
  • ...3 more annotations...
  • "But the current situation has not cooled our enthusiasm- or that of our equity capital investors - for our business model
  • Amory Mayor Howard Boozer has said "I don't think people have begun to fathom the impact this project will have on Amory, Mississippi."
  • Boozer said getting the steel mill project in Amory was the result of a lot of "blood, sweat and tears" from a lot of people. "I said then that failure was not an option.
  • Yadkin River on 04 Jan 12
     
    Dashed Hopes
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State lawmakers approve Calisolar incentives package - The Dispatch - 0 views

www.cdispatch.com/...article.asp

CleanTech columbus Correnti Mississippi

shared by Yadkin River on 23 Dec 11 - No Cached
  • John T. Correnti, former CEO of SeverCorr (now Severstal) of Columbus, has served as chairman of the company''s board of directors since 2010 and reportedly has maintained close ties with Mississippi. The company has been in negotiations with Ohio officials since April, but the deal fell through in July when company representatives told the Mansfield News Journal in Mansfield, Ohio, that they were unable to meet a September construction deadline to qualify for a $275 million federal loan guarantee. Higgins said Lowndes County''s ability to meet Calisolar''s high power needs (nearly 170 MW of power, or roughly 40 MW more than the entire city of Columbus), along with Mississippi''s status as a right-to-work (non-union) state and the willingness of legislators to pass an attractive incentive package, may have tipped the balance in the Magnolia State''s favor.
  • "The reason we''re coming here, and I''m going to be frank, is the Mississippi farm boys and the farm girls," Correnti said, according to The AP. "I wouldn''t trade a Mississippi farm boy or farm girl for any Russian, Chinese, Japanese, Mexican, South American.
  • AP reports that details of Mississippi''s incentive package include a $59.5 million loan for the building and equipment, with Lowndes County retaining ownership of the building and leasing it to them. The state is also providing $15.75 million for infrastructure and workforce training.
  • ...1 more annotation...
  • According to the U.S. Bureau of Labor Statistics, the state''s unemployment rate was 11.1 percent for July, and Lowndes County''s unemployment rate was 12.4 percent. The national unemployment rate is 9.1 percent, or approximately 14 million people.
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Costs, impacts of incentive deals » Mississippi Business Journal - 0 views

msbusiness.com/...sts-impacts-of-incentive-deals

shared by Yadkin River on 01 Mar 12 - No Cached
  • ncentives make sense when there is a good probability that the objectives of the one offering the incentives will be achieved
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