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Feature Story: 2016 Economic Development Awards

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headquarters in Los Angeles, aims to link solar arrays and storage devices into a “virtual grid” that allows members to trade electricity among themselves and sell excess power into the wholesale market, circumventing the local utility. The debt-free, state-of-the-art AnC Bio facility will take about 18 months to build.

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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. Funds cannot be used for debt refinancing or contingency funding. The program ends December 2016. EMPLOYEE TRAINING PROGRAMS.

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