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MegadealsSubsidy Tracker Individual Entry
Company: MC Ionic Solutions US Inc.
Parent Company:
Subsidy Source: federal
State in Which Facility Is Located: Tennessee
City: Memphis
Project Description: MC Ionic Solutions Inc. was selected for a $7.4 million 48C Advanced Energy Manufacturing Tax Credit for its new facility in Memphis, Tenn., where it produces electrolyte solutions for lithium ion batteries used in electric vehicles. The project allows the company to increase U.S. production and meet demand for electric vehicles, assuring its contribution to domestic manufacturing, and support of America?s energy goals.
Year: 2013
Subsidy Value: $7,400,000
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 December 12, 2013 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.