MassCEC Approves $5M Forgivable Loan for A123 Systems; Targeted at Expansion for Grid Storage Systems
Green Car Congress
APRIL 26, 2010
The company anticipates making $80 million in capital expenditures in Massachusetts to build up its manufacturing and R&D capabilities there by the end of 2014. Under the terms of the MassCEC financing, A123 will double its Massachusetts employment to more than 500 by 2014.
Let's personalize your content