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Fed Adds To Tax Credit For Clean Energy Manufacturers

Treasury Secretary Timothy Geithner announced an additional $5 billion in energy manufacturing tax credits for factories that make clean energy products.

GOLDEN VALLEY, Minn. (AP) -- Treasury Secretary Timothy Geithner is in Minnesota touting efforts to build an energy-efficient economy.

Geithner toured Honeywell International Inc.'s plant in Golden Valley on Thursday and participated in a round-table discussion with local politicians. He emphasized a need for the federal government to work with states to spark job growth.

He also announced an additional $5 billion in energy manufacturing tax credits for factories that make clean energy products. That's on top of about $100 billion set aside for clean energy as part of the stimulus package.

Geithner's visit comes only hours after President Barack Obama's State of the Union address. The visit is part of a broader White House push to take his agenda on tour.

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