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German Solar Coming to Denver

Posted by: Alek Miller

30 October 2009 - 7:00am

SMA Solar Technology AG, the German company responsible for about 40 percent of the world's solar market will be opening a plant in Denver.

"State and city economic-development officials scrambled to beat out 20 other cities across six states after SMA told them in May that Colorado was in the running, [Pete] Roskop [a representative with the Colorado Office of Economic Development and International Trade] said.

The state will contribute about $3 million in economic incentives, with Denver contributing another $600,000 or so. About $1 million each will go for job training, performance incentives and enterprise-zone tax credits.

Denver will chip in money for relocation expenses, job training and wage subsidies."

Full Story: German solar company SMA to open plant in Denver
Source: The Denver Post, October 27, 2009
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