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Obama Awards $2.3 Billion for New Clean-Tech Manufacturing Jobs

  • Posted by on January 11, 2010 in Business
  • President Obama announced on Friday the award of $2.3 billion in tax credits for clean energy manufacturing — part of a broader push by his administration to stimulate job growth during the highest period of sustained unemployment in decades.

    “Building a robust clean energy sector is how we will create the jobs of the future,” said Mr. Obama, according to prepared remarks.

    The Labor Department reported on Friday that nonfarm payrolls shed 85,000 jobs in December, and the unemployment rate held steady at 10 percent, the highest level of joblessness since the early 1980s.

    In a statement, Treasury Secretary Timothy F. Geithner said the tax credits would spur an additional $5 billion of private capital investment in the clean energy manufacturing sector...more

    Photo: Bloomberg

    -John Collins Rudolf

    (Via New York Times)


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