Program will help local businesses save energy and money
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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