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For the seventh year in a row, Silverlode worked with JumpStart to quantify the economic impacts of the companies served by JumpStart and its partners. In 2024, Ohio startups and small businesses generated over $1.7 billion in economic output.
The Advanced Manufacturing Production Credit, introduced by the Inflation Reduction Act (IRA), serves as a significant financial incentive designed to support the shift towards a more sustainable economy by aiding businesses in the clean energy sector. This credit aims to facilitate the domestic production of clean energy components, offering tax savings that can enhance a company's competitiveness and commitment to environmental sustainability. Understanding and applying this credit can be complex, but it represents an opportunity for businesses to contribute to a greener future while benefiting financially from their investments in clean energy manufacturing.