Imperium3 New York receives Government Grant

The big line in their is the initial money has set the company up for much larger government incentives… great news

This is big news for our New York Gigafactory! It shows we have strong government support and were 1 of 40 selected out of 529 applications to access money from the $1B stimulus package. We are now eligible for the $100M USD

Some quotes from the article below:

"The money set up the project to be in line for much larger government incentives.The first round of funding makes the effort eligible to compete for up a $100 million federal award under the American Rescue Plan’s Build Back Better Regional Challenge — a $1 billion measure included in the federal stimulus package earlier this year, Schumer said."

"Schumer said that the Build Back Better Regional Challenge received 529 applications from across the country, and only 40 were selected."