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LOCATION FOCUS: California Dreamin’ – A Rebound Fueled By New Energy

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Last year, a State Budget Crisis Task Force headed by former Fed Chairman Paul Volcker estimated California’s long-term debt at a staggering $370 billion. Micron’s investment payback is estimated at less than two years, with approximately $120,000 ongoing annual savings in electricity. gigawatt hours of electricity a year.

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Feature Story: 2016 Economic Development Awards

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The wind turbines operating at Buffalo’s green energy complex on Lake Erie generate enough electricity to power roughly 15,000 homes; the turbines are under contract to a local utility, Constellation Energy Resources. The percentage of electricity generated by renewables continues to surge in the United States.

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STATE INCENTIVES GUIDE

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Loan proceeds are to be used for working capital, inventory, equipment purchase, and real property improvements but cannot be used for refinancing of existing debt or outstanding debt payments. The utility tax on the consumption of electric by licensed manufacturers and food or agribusiness processors is reduced to 2 percent.

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