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s just one of over 180 projects that received manufacturing tax credits in over 40 , here’s thethe only problem we have is these credits were working so well, there aren’t enough tax credits to go are more worthy projects than there are tax we announced the program last year, it was such a success we received 500 applications requesting over $8 billion in tax credits, but we only had $ billion to other words, we had almost four times as many worthy requests as we had tax , my attitude, and Harry’s attitude, is that if an American pany wants to create jobs and grow, we should be there to help them do that’s why I’m urging Congress to invest $5 billion more in these kinds of clean energy manufacturing tax credits, more than doubling the amount that we made available last year.(Applause.)And this investment would generate nearly 40,000 jobs and $12 billion or more in private sector investment, which could trigger an additional 90,000 , I’m gratified that this initiative is drawing support from members of Congress from both sides of the aisle, including Republican Senators Richard Lugar and Orrin , that kind of bipartisanship has been absent on a lot of efforts that Harry and I have taken up over the past year and a fought to keep Nevada teachers and firefighters and police officers on the job, and to extend unemployment insurance and COBRA so folks have health insurance while they’re looking for fought to stop health insurance panies from dropping your coverage on the basis of preexisting conditions, or right when you get sick, or placing lifetime limits on the amount of care that you can fought to eliminate wasteful subsidies that go to banks that were acting as unnecessary middlemen for guaranteed student loans from the federal government, and as a consequence, freed up tens of billions of dollars that are now going directly to students, which means more than a million students have access to financial aid that they didn39。to give an impetus to businesses to grow and ’s not some abstract ’ve seen the ’ve seen what we can do to catalyze job growth in the private one of the places we’ve seen it most is in the clean energy sectoran industry that will not only produce jobs of the future but help free America from our dependence on foreign oil in the process, clean up our environment in the process, improve our national security in the let me give you an yesterday, I took a tour of Smith Electric Vehicles in Kansas City, Missouri, on the way is a pany that just hired its 50th worker, it’s on the way to hiring 50 more, and is aiming to produce 500 electric vehicles at that plant alone.(Applause.)And these are spiffylooking mean, they areand they’re used by Fortune 500 panies for distributionPepsiCo, ’re also used for the United States military –electric trucks with a lot ofthey’re very strong, great the reason for their success is their entrepreneurial it’s also partly because of a grant that we’re offering panies that manufacture electric vehicles and the batteries that power of these grants, we’re going to be going from only having 2 percent of the global capacity to make advanced batteries that go in trucks and cars, run on electricitywe’re going to go from 2 percent of advanced battery market share to 40 percent just in the next five yearsjust in the next five years.(Applause.)And that will create thousands of jobs across the countrythousands of jobs across the country, not just this year, not just next year, but for decades to it’s a powerful example of how we can generate jobs and promote robust economic growth here in Nevada and all across the country by incentivizing private sector ’s what we’re working to do with the clean energy manufacturing tax credits that we enacted last year, thanks to Harry’s to Harry’s leadership.(Applause.)Some people know these tax credits by the name 48c, which refers to their section in the tax here’s how these credits said to clean energy panies, if you’re willing to put up 70 percent of the capital for a worthy project, a clean energy project, we’ll put up the remaining 30 put it another way, for every dollar we invest, we leverage two more private sector ’re betting on the ingenuity and talent of American businesses.(Applause.)Now, these manufacturing tax credits are already having an extraordinary solar panel panya solar power pany called Amonix received a roughly $6 million tax credit for a new facility they’re building in the Las Vegas area– a tax credit they were able to match with roughly $12 million in private 39。it’s going to take more time than any of us would like to climb out of the question is, number one, are we on the right track? And the answer is, number two, how do we accelerate the process? How do we get the recovery to pick up more steam? How do we fill this hole faster?There’s a big debate in Washington right now about the role that government should play in all I said in the campaignand as I’ve repeated many times as Presidentthe greatest generator of jobs in America is our private ’s not ’s our entrepreneurs and innovators who are willing to take a chance on a good ’s our businesses, large and small, who are making payroll and working with suppliers and distributing goods and services across the country and now across the private sector, not government, is, was, and always will be the source of America’s economic ’s our strength, the dynamism of our that’s why one of the first things Harry Reid did, one of the first things we did, was cut dozens of taxesnot raise them, cut themfor middle class and small business we extended loan programs to put capital in the hands of we worked to reduce the cost of health care for small right now, Harry is fighting to pass additional tax breaks and loan authority to help small businesses grow and hire all across the he has also tried to look out specifically for understands, for example, that tourism is so enormous an aspect of our economy, and