Middletown, CT – March 5, 2018
The Middlesex County Chamber of Commerce announced a new initiative to help local businesses afford renewable energy and energy efficiency upgrades. The effort is a collaboration between the Chamber, the Connecticut Green Bank, and Chambers for Innovation and Clean Energy. The team will help local businesses take advantage of C-PACE (Commercial Property Assessed Clean Energy), an innovative financing program for green energy upgrades. C-PACE offers long-term financing for projects that lower energy costs and generate positive cash flow.
“This initiative is meant to help connect local business owners to financing that will help them afford recommended energy and renewable upgrades to their buildings” said Jeff Pugliese, Vice President of the Middlesex County Chamber of Commerce. “The idea is to help our members cut down on energy usage so that they can reinvest the savings back into the business.”
The Middlesex County Chamber of Commerce is a dynamic business organization with over 2,125 members that employ over 50,000 people in and around its service area. The chamber represents businesses from all industry sectors and of all sizes, from Fortune 500 companies, to micro businesses.
The team will reach out to the business community in a variety of strategic ways, and will highlight local businesses who have saved through the program.
“We are excited to be working directly with the Middlesex County Chamber of Commerce to promote C-PACE,” said Mackey Dykes, Vice President of Commercial and Industrial Programs, Connecticut Green Bank. “C-PACE is a proven tool for businesses to modernize their buildings, save energy, and increase their bottom line – but it is also a powerful economic development tool. The Middlesex Chamber is a valuable partner, and we look forward to working with them to build an even more resilient business community with C-PACE.”
The initiative will target all eligible local businesses including manufacturers, offices, retail establishments, business in mixed use spaces, and non-profits.
To learn more about the collaboration, please visit middlesexchamber.com or cpace.com.
About Middlesex County Chamber of Commerce
The Middlesex County Chamber of Commerce is a dynamic business organization with over 2,125 members that employ over 50,000 people in and around its service area. The chamber represents businesses from all industry sectors and of all sizes, from Fortune 500 companies, to micro businesses. It has 12 county based divisions, and over 30 industry based committees and councils that focus on issues of importance to the business community. The Middlesex County Chamber of Commerce has been honored with the Governor’s Laurel Award for Responsible Social Involvement, The President’s White House Citation for Private Sector Initiatives, the U.S. Department of Labor’s LIFT America Award, Connecticut Small Business Advocate Award, Vision 2000 Excellence Award, and the NAACP Business Award.
Please visit www.middlesexchamber.com for more information.
About the Connecticut Green Bank
The Connecticut Green Bank (formerly the Clean Energy Finance and Investment Authority) was established by the Connecticut General Assembly on July 1, 2011 as a part of Public Act 11-80. As the nation’s first full-scale green bank, it is leading the clean energy finance movement by leveraging public and private funds to scale-up renewable energy deployment and energy efficiency projects across Connecticut. The Green Bank’s success in accelerating private investment in clean energy is helping Connecticut create jobs, increase economic prosperity, promote energy security and address climate change. In 2017, the Connecticut Green Bank received the Innovations in American Government Award from the Harvard Kennedy School Ash Center for Democratic Governance and innovation for their “Sparking the Green Bank Movement” entry. The green bank also recently announced that it had closed its 200th C-PACE project.
For more information about the Connecticut Green Bank, please visit www.ctgreenbank.com.
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