11.24.08

Cantwell Encourages Investment in Clean Energy Technologies; Creation of Green Jobs During Economic Uncertainty

Cantwell-issued report details ways Washingtonians can benefit from recently enacted clean energy tax package

KENNEWICK, WA – Today, U.S. Senator Maria Cantwell (D-WA) met with green energy technology leaders at Infinia Corporation’s corporate headquarters to highlight how recently-enacted clean energy tax incentives can create jobs and help Washington businesses grow during these uncertain economic times.  Due in part to extension of these tax credits, Infinia will continue its plans to expand its manufacturing facilities by 30,000-square-feet, which will be operational in early 2009, and increase its workforce to approximately 150 employees.  If the company meets goals in the growing solar industry, they believe they could employ as many as 800 people worldwide by 2013. Cantwell’s office also issued a report detailing the ways in which Washingtonians can benefit from extension of tax breaks for consumers and businesses.
 
“These tax incentives are the certainty we need in uncertain times,” said Cantwell. “Thanks to Washington state businesses, like Infinia, America, with the help of these tax credits, can continue moving toward a cleaner, more sustainable energy future.  By securing an eight year extension of the investment tax credit the power of solar energy will be unleashed in America, catalyzing $232 billion in clean energy investments, and creating 440,000 green collar jobs by 2016. We are also giving consumers the power to regain control and lower their energy bills at a time when American families are spread thinner than ever. Transitioning to a clean energy system is a key component of our economic recovery and I am anxious to continue working with Washington’s green energy technology leaders to move America toward a new energy future.”
 
Cantwell was instrumental in ensuring passage of the tax extender package, and on September 23, 2008, the Senate voted to pass this package that will: create over half a million new jobs by investing in our country's energy future; put money back in the pockets of middle class families; help businesses pay for R&D and other critical long-term investments; and help rural communities cover the costs of essential government services.  Cantwell will also release a report that provides Washingtonians with valuable information about these new tax incentives so they can take full advantage of them.
 
Infinia Corporation is a Tri-cities based company that specializes in next generation, high-efficiency solar power systems.
 
Editor’s/Reporter’s Note: Cantwell-issued Report attached. A copy of the report is also available on Senator Cantwell’s website at http://cantwell.senate.gov.
 
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