The backbone of the United States' economy is rooted in the country's strong manufacturing capabilities. However, in the past decade manufacturing has declined as the financial barriers to domestic production have grown. Today, regardless of the industrial sector, every manufacturing facility must be cognizant of energy policies, carbon programs and environmental regulations. Energy-intensive industries such as manufacturing will face many hurdles in future regulation and legislation limiting greenhouse gas emissions, controlling toxic substances and materials management.
The FaegreBD Consulting energy climate and environment practice has helped manufacturers identify and understand funding tax credits, offsets and other incentives to prevent companies from moving out of the United States. Our experience representing vehicle manufacturers and other companies has given us unique insight into how best to prepare in a world where energy prices go up.
Recent examples of our experience include:
Guiding multiple clients through the application process for the Department of Energy's Loan Guarantee Program and Advanced Technologies Vehicle Manufacturing direct loan program
Seeking bipartisan congressional backing for applications for federal funding
Identifying and aiding a client interested in the 48C Advanced Energy Manufacturing Tax Credit