Electrovaya Secures $50M Loan for New Battery Plant in Jamestown, Creating 250 Jobs
(WNY News Now) – Congressman Nick Langworthy praises Electrovaya’s $50.8 million loan from EXIM Bank to build a state-of-the-art lithium-ion battery manufacturing facility in Jamestown, New York, set to create over 250 new jobs.WASHINGTON, DC — Congressman Nick Langworthy (NY-23) issued a statement after Electrovaya announced they’ve received a new $50.8 million loan from the Export-Import Bank of the United States (EXIM) to support equipment, engineering, and setup costs for a battery manufacturing facility in Jamestown, New York:“I’m proud to welcome Electrovaya to Jamestown,” said Congressman Langworthy. “This major investment will bring over 250 good-paying jobs and establish our region as a leader in advanced manufacturing. This is a big win for our economy, and I’ll keep working to b...