Zinc8 Energy Solutions (CSE:ZAIR) Inc said company representatives were invited to participate in a public hearing held on January 31, 2023, with the Ulster County Industrial Development Agency (UCIDA) to review an application for a US$10 million industrial development bond.
"I would like to extend my gratitude to members of the UCIDA and all others that participated in the hearing," said Ron MacDonald, CEO and president of Zinc8 Energy in a statement.
The mission of the UCIDA is to advance the job opportunities, general prosperity and long-term economic vitality of Ulster County residents by targeting tax incentives bonding and other assistance to foster the creation and attraction of new businesses and the retention and expansion of existing businesses.
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The UCIDA will review the company's application and will respond with their decision as soon as practicable.
"The encouragement that we have received from the local community and various local, state and federal representatives to locate our first US-based production facility in the United States, and more specifically, in the state of New York has been overwhelming. We feel strongly about the plan that we have put forth, which will help create good jobs and promote sustainable economic growth for the state, and we look forward to a decision for potential financial collaboration," added MacDonald.
Zinc8 has assembled an experienced team to execute the development and commercialization of a dependable low-cost zinc-air battery.
Contact the author at jon.hopkins@proactiveinvestors.com