November 22, 2024 1:06 am
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Battery cell maker eligible for millions in state incentives for Buckeye plant

(Disclosure: Rose Law Group represents Anita Verma-Lallian.)

By Corina Vanek | Phoenix Business Journal (Photo courtesy of KORE Power)

KORE Power, the Idaho-based battery cell manufacturer that announced last week it will be developing a massive manufacturing plant in Buckeye, is eligible for up to $65 million in incentives from the state of Arizona.

According to the Arizona Commerce Authority, the entity that oversees economic development incentives for the state, the company is eligible for a $2 million grant from the Arizona Competes Fund. The fund is a deal-closing fund that aims to promote the growth and diversification of industry in Arizona by attracting, expanding and retaining businesses in specific industries.

Read the full subscription story from the Phoenix Business Journal.

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