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MegadealsSubsidy Tracker Individual Entry
Company: Cree Inc.
Parent Company:
Wolfspeed Inc.
Subsidy Source: federal
State in Which Facility Is Located: North Carolina
City: Durham
Project Description: Cree will purchase new equipment to add capacity and capability to lower production costs of LED chips and fixtures. LED lighting technologies represent a new source of high efficiency lighting.
Year: 2010
Major Industry of Parent: miscellaneous manufacturing
Specific Industry of Parent: lighting equipment
Subsidy Value: $39,087,000
Program Name: Advanced Energy Manufacturing Tax Credit (48C Program)
Awarding Agency: Department of Energy
Type of Subsidy: federal allocated tax credit
Source of Data: Attachment to January 8, 2010 Energy Department press release:
(click here)
Notes: Year is year credit approval was announced.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.