By Bearing Manufacturer>Bearing News>RBC Bearings Gets $8.3m in Tax Credits
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RBC Skateboard Bearings Inc.will receive about $8.3 million in federal clean energy manufacturing tax credits to support a wind turbine Ceramic Bearings manufacturing facility in Houston.
Based in Oxford, RBC manufactures precision plain, roller and ball Needle roller Bearings for industrial, defense and aerospace uses. It opened the 80,000-square-foot Houston facility in May, one of 23 facilities it operates in North America and Europe. RBC has about 1,720 employees.
RBC received a $4,157,400 credit for investing in equipment for the Houston facility, and $4,155,000 toward further expansion. The IRS awarded the credits in cooperation with the Department of Energy as part of the American Reinvestment and Recovery Act.