A new loan fund for businesses to invest in green technology is now available from the
City of Lansing. The city will finance two to four loans totaling $200,000 in its first year.
According to excerpts from the article:
The city of Lansing launched a new loan fund today that will work to help Lansing businesses finance energy-efficiency upgrades and install renewable energy technologies.
Wind turbines, solar arrays and heat capture systems are possibilities, city officials say.
The deadline for the first round of applications is March 25. Exactly $200,000 will be available to fund two to four loans ranging from $50,000 to $100,000, according to the mayor's staff members.
The city received a federal grant to embark on the loan project. The Lansing
Economic Development Corp. and Bernero's
Greater Lansing Go Green! Initiative will administer the fund.
Interested applicants should schedule a pre-screening meeting by Feb. 25. For more information, visit
www.lansingmi.gov/gogreen or call (517) 702-6903.
Read the entire article
here.
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