US$4m grant will come to the party when staff number exceeds a threshold.
To encourage this collaborative effort, Empire State Development has offered performance-based incentives totaling $7.5 million, including a $4 million Upstate Revitalization Initiative grant and $3.5 million in Excelsior Jobs Program tax credits. Additionally, Imperium3NY is expected to qualify for an estimated $5.75 million in New York Investment Tax Credits.
https://www.governor.ny.gov/news/go...ish-lithium-ion-battery-giga-factory-southern
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