Corning invests $900 million in new Michigan facility to manufacture solar components
Corning Incorporated has announced plans to establish a new manufacturing facility in Saginaw County, Michigan. The company will invest $900 million into the project, generating 1,100 new jobs in the process. The facility, which will be run by Corning’s subsidiary, Solar Technology, LLC, will be used for the production of U.S.-made solar components. To help aid the project, the company will receive a $68 million performance-based Critical Industries Program (CIP) grant through the Strategic Outreach and Reserve Fund (SOAR). The new plant will also be supported by a 15-Year State Essential Services Assessment Exemption, which is valued at $12.3 million, and a $29 million Strategic Site Readiness Program (SSRP) grant to Thomas Township for public infrastructure, road improvements and related expenses.
In a recent quote, Scott Forester, Corning division vice president and program executive, Solar, said, “We are grateful for the strong leadership, collaboration and support from Governor Whitmer, the Michigan Legislature and the State of Michigan. These approved incentives helped confirm Michigan as the natural choice for this new endeavor. The planned facility will create thousands of local jobs and advance the goal of expanding access to U.S. renewable energy solutions.”
Investing in American Manufacturing - 2024
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