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Vice President to visit Durham LED-maker

Vice President Joe Biden is expected to talk about how federal funds from the American Recovery and Reinvestment Act allowed the LED-maker to purchase new equipment and expand its work force.

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DURHAM, N.C. — Vice President Joe Biden will visit Cree Inc. in Durham Thursday, his office announced.

Biden, who will be traveling with Secretary of Energy Steven Chu, is expected to talk about how federal funds from the American Recovery and Reinvestment Act allowed the LED-maker to purchase new equipment and expand its work force.

Cree (Nasdaq: CREE) received $39 million in federal tax credits in January to boost production of high-efficiency lighting.

 

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Jodi Leese Glusco, Web Editor

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