Zinc8 Energy Solutions (CSE:ZAIR) CEO Ron MacDonald joined Steve Darling from Proactive to share news the company has received a US$10 million influx of cash in the form of a tax-exempt revenue bond.
MacDonald tells Proactive the funding is provided to companies to advance the job opportunities, general prosperity, and long-term economic vitality of Ulster County residents by utilizing tax incentives, municipal bonds and other forms of financial assistance. This money is expected to be used for assembly and manufacturing of the Zinc-air Energy Storage systems.