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Posted On: 06/05/2023 7:33:41 PM
Post# of 124260
$CLNV: THIS IS A BIG DAMN DEAL!
Couple of highlights from today's press release
DO NOT CONFUSE A MOA WITH A MOU (see pic below)
Memorandum of Agreement (the "MoA"
between its Clean-Seas West Virginia subsidiary and the West Virginia Department of Economic Development ("WVDED" to leverage greater than $12 million in state incentives.
In order to incentivize Clean Vision to select West Virginia for the location of the Project, WVDED has represented that the state of West Virginia will provide Clean Vision with $1.75 million in the form of one or more forgivable, performance-based loans to fund completion of the Project in addition to all other qualifying statutory tax credits and incentives for which the Project may be eligible.
Couple of highlights from today's press release
DO NOT CONFUSE A MOA WITH A MOU (see pic below)
Memorandum of Agreement (the "MoA"
between its Clean-Seas West Virginia subsidiary and the West Virginia Department of Economic Development ("WVDED" to leverage greater than $12 million in state incentives. In order to incentivize Clean Vision to select West Virginia for the location of the Project, WVDED has represented that the state of West Virginia will provide Clean Vision with $1.75 million in the form of one or more forgivable, performance-based loans to fund completion of the Project in addition to all other qualifying statutory tax credits and incentives for which the Project may be eligible.
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Sojourner here following God, obeying God, and cleaving to Him. The journey is onward.
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