Cree, Inc (CREE) Awarded $39 Million Worth of Tax Credits

Cree just announced that they have been awarded $39 million in tax credits as part of the Recovery Act Advanced Energy Manufacturing program. The tax credits will allow Cree to expand their business and hire more employees. Cree applied for the tax credits in October 2009.

In a press release, Michelle Murray, a spokesperson for the company, commented on the credits:

“This investment is part of Cree’s already-announced capital plans, and includes additional investments this year and over the next several years. The North Carolina jobs resulting from this investment and expansion are part of the previously announced 575 jobs by 2012.”

:::: >>> Click Here For Your FREE Cree Analysis

Leave a Reply

Your email address will not be published. Required fields are marked *