The Ledger
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Pinkowski: Nitricity closed an almost $10M USDA Rural Development loan
“The other thing we then went for is a USDA Rural Development loan, and we worked through the process there, and I'm very proud to say that that is closed, and so that was an almost ten million dollar Rural Development loan.”
Pinkowski: Nitricity won a California sales tax exemption worth nearly $1M
“So we applied to a pretty ambitious sales tax exemption, and it's almost a million dollars worth of value because sales tax is so high in California. We won one of four of those in the state for recycling programs”
Pinkowski: Nitricity secured $6.5M via a grant and 48C tax credit
“We went after grants that could help cover the cost, and we got one grant and one that's helping cover the, some cost, and then we have one tax credit, a 48 C advanced manufacturing tax credit. So together, those come out to about six and a half million”
Pinkowski: Standard California almond plot size is 75 acres
“The California standard plot size for almonds, for example, is 75 acres. It's like this rectangle that's 75 acres, and sometimes you can get 25 acre blocks, but really, like, that's what you need, and 75 acres needs a lot of product, and so the minimum pilot s…”