Encouraging W.Va. Businesses to Apply for Credit Program | News

Empowering West Virginia Manufacturers with Funding Opportunities

U.S. Sen. Joe Manchin, D-W.Va., Chairman of the U.S. Senate Energy and Natural Resources Committee, is urging West Virginia manufacturers to seize the opportunity presented by the Inflation Reduction Act’s (IRA) 48C Qualifying Advanced Energy Project Credit program. This initiative is set to allocate up to $6 billion in funding, with a significant portion earmarked specifically for projects in coal communities.

Support for Communities with a Rich Energy Legacy

Addressing the importance of supporting communities that have long played a pivotal role in powering the nation, Sen. Manchin emphasized the need to prioritize these regions for investments in cutting-edge energy technologies. By incentivizing manufacturing companies to reinvest in coal communities, the program aims to bolster energy security, create new job opportunities, and stimulate economic growth.

Encouraging Local Businesses to Apply

The 48C program portal for submitting concept papers opened on May 22, with the deadline for submissions set for Friday, June 21. Sen. Manchin’s message to West Virginia business and community leaders is clear: eligible companies should take advantage of this funding opportunity to contribute to the state’s legacy as a powerhouse in the energy sector.

Learn More and Apply

For detailed information on the 48C program, including application procedures, eligibility criteria, and important deadlines, visit https://www.energy.gov/infrastructure/clean-energy-infrastructure-homepage.

Read More of this Story at www.cnhinews.com – 2024-06-01 17:54:00

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