Minneapolis is committed to aggressively pursuing and wisely investing Federal recovery funding to get our economy moving.
Projects In Progress
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Contact Us | EECBG Business Energy Efficiency Revolving Loan Program
This interactive graphic requires Adobe Flash v.8 or higher. As required under the American Recovery and Reinvestment Act of 2009, see our Federal Report (XML) for this project. Learn more about the XML format. Dollars Awarded$781,960 Project StatusLess than 50% completed Project DescriptionEnergy Efficiency Business Revolving Loan Program provides financing to Minneapolis businesses to improve their facility in ways that would decrease the business's overall impact on the environment. The City is working in participation with the Center for Energy and Environment to provide loans in the amount of up to $75,000 to finance energy efficiency improvements. Funding ProgramData not yet available. Responsibility for ImplementationCommunity Planning and Economic Development Funding AgencyData not yet available. Dollars Leveraged$1,100,000 Dollars Leveraged DescriptionFor each project financed, there will be other funding sources such as bank financing, Xcel Energy rebates and other CDC financing provided. The amount of the project to be funded after rebates are calculated and energy savings reflected is estimated to be about 40% of the total project cost. Dollars Requested$781,960 Projected Jobs Created25 Award TypeGrant Sub-recipient NamesNo sub-recipients have been contracted to date. Vendor NamesNo vendors have been contracted to date. Recovery Funds Spent to Date$7,615 |