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Putting Green Building Concepts Putting Green Building Concepts to Work For You!to Work For You!
Wednesday, August 5, 2009Wednesday, August 5, 2009Parkersburg, West VirginiaParkersburg, West Virginia
Funding Sources Funding Sources andand
Financial Planning For ExpansionFinancial Planning For Expansion
Marten Jenkins, President, NCIFMarten Jenkins, President, NCIF
Sources of Financial Planning & Sources of Financial Planning & Technical Assistance Technical Assistance
West Virginia University ManufacturingWest Virginia University ManufacturingExtension PartnershipExtension Partnership
(304) 290-8425(304) 290-8425
West Virginia Small Business West Virginia Small Business Development CenterDevelopment Center
(888) 982-7232 (888) 982-7232
www.sbdcwv.orgwww.sbdcwv.org
Sources of Funding Sources of Funding Natural Capital Investment Fund, Inc.Natural Capital Investment Fund, Inc.
Uses: Uses: New construction of commercial properties that are built New construction of commercial properties that are built to an Energy Star or LEED standard. EE retrofits for commercial to an Energy Star or LEED standard. EE retrofits for commercial properties that achieve at least a 25% reduction in energy properties that achieve at least a 25% reduction in energy consumption. consumption.
Equipment upgrades or EE savings, improvements to plant/office Equipment upgrades or EE savings, improvements to plant/office facilities in order to maximize EE, conserve energy and reduce facilities in order to maximize EE, conserve energy and reduce waste, and/or improve productivity. (Minimum of a 25% waste, and/or improve productivity. (Minimum of a 25% reduction in energy consumption.)reduction in energy consumption.)
Amount: Amount: $2,000 to $250,000; $2,000 to $250,000;
Term & Rate: Term & Rate: Up to 10 years for machinery and equipment Up to 10 years for machinery and equipment loans; up to 10 year term/15 year amortization for real estate loans; up to 10 year term/15 year amortization for real estate loans. Prime Rate plus 1 to 2%. 1% Origination fee.loans. Prime Rate plus 1 to 2%. 1% Origination fee.
Collateral: Collateral: Assets financed. Additional collateral and sureties as Assets financed. Additional collateral and sureties as required.required.
Sources of Funding Sources of Funding U.S. Department of AgricultureU.S. Department of Agriculture
Renewable Energy and Energy Efficiency ProgramRenewable Energy and Energy Efficiency Program
– PurposePurpose: provides funds to agricultural producers and : provides funds to agricultural producers and rural small businesses to purchase and install renewable rural small businesses to purchase and install renewable energy systems and make energy efficiency improvements. energy systems and make energy efficiency improvements.
– AmountAmount: can be up to 25% of total eligible project costs. : can be up to 25% of total eligible project costs.
Up to $250,000 for EE improvements. Up to $250,000 for EE improvements. – Uses: Uses: Eligible uses include retrofitting lighting or Eligible uses include retrofitting lighting or
insulation, or purchasing or replacing equipment with more insulation, or purchasing or replacing equipment with more efficiency units. efficiency units.
– Contact Information: Contact Information: Richard Satterfield(304) [email protected]/rbs/energy.htm
Contact Information Contact Information
Joseph BrouseJoseph Brouse
(304) 228-3121(304) 228-3121
[email protected]@conservationfund.org
Marten JenkinsMarten Jenkins
(304) 876-2815, ext. 207(304) 876-2815, ext. 207
[email protected]@conservationfund.org
www.ncifund.orgwww.ncifund.org
