NuSun, Startup Solar Panel Maker, Locates First Site in Columbus, Indiana
12/08/2010
"We are confident that Columbus will offer us a competitive cost environment and productive work force," said Ryan Stout, NuSun founder and CEO. "As we plan our launch of this exciting new venture in Indiana, the support we have received from the local community and the state has been tremendous."
Bartholomew County and the Columbus Redevelopment Commission will contribute $325,000 in combined Economic Development Income Tax (EDIT) and Tax Increment Fund (TIF) financing, and the city will also extend a $500,000 grant from the Lawrenceburg Regional Economic Development grant program. The Indiana Economic Development Corporation has offered NuSun up to $2.25 million in performance-based tax credits and up to $100,000 in training grants. The Indiana Office of Community and Rural Development (OCRA) will consider an application from the city of Columbus for a $600,000 grant towards equipment.
NuSun produces nano-coated, high-efficiency photovoltaic solar panels for a global market. It expects to begin production in Columbus by the middle of 2011.
Project Announcements
Little Leaf Farms Plans Coffee County, Tennessee, Production Operations
07/02/2025
White Rock Truss & Components Expands Lee County, Virginia, Operations
07/02/2025
Fox Tank Company Plans Coshocton, Ohio, Operations
07/02/2025
Ascentek Expands Shreveport, Louisiana, Operations
07/02/2025
ProBio Establishes Hopewell, New Jersey, Gene Therapy Operations
07/02/2025
22nd Century Technologies Expands Fairfax County, Virginia, Headquarters Operations
07/02/2025
Most Read
-
20th Annual Area Development Gold and Silver Shovel Awards
Q2 2025
-
First Person: Joe Capes, CEO, LiquidStack
Q2 2025
-
The Legal Limits of DEI in Incentives Agreements, Hiring, and Contracting
Q2 2025
-
From Silicon to Server: Mapping the Data Center Supply Chain
Q2 2025
-
Rethinking Life Sciences Site Selection in a Resilient and Dynamic Market
Q2 2025
-
39th Annual Corporate & 21st Annual Consultants Surveys: What Business Leaders and Consultants Are Saying About Site Selection
Q1 2025
-
First Person: David Robey, Co-CEO of QTS Data Centers
Q2 2025