1,100 high-skilled jobs could come to Michigan with $900M solar facility - MLive.com
1,100 high-skilled jobs could come to Michigan with $900M solar facility - mlive.com
THOMAS TWP, MI — As demand for solar power in the U.S. continues to grow, Corning Inc. has plans for a solar component manufacturing facility, more than 1,100 new high-skilled jobs and a capital investment of up to $900 million in Saginaw County.
To support this project, Corning requested a $68 million Critical Industry Program (CIP) grant and a 15-year State Essential Services Assessment Exemption estimated to be worth nearly $12.3 million. In addition, Thomas Township requested a $29 million Strategic Site Readiness Program (SSRP) grant for public infrastructure, road improvements and related expenses, according to a Michigan Economic Development Corp. memorandum dated Tuesday, Feb. 27.
Related Knowledge Center: ENERGY BASICS: solar
Declining costs and government encouragement have resulted in a rapid increase in solar energy production in the United States over the past 10 years, although solar’s share remains small: 1.6 percent of all electricity generation in 2018. That rapid growth is projected to continue.