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Kevin L. Boyce Ohio Treasurer of State
2010
Ohio Green Guide Resources for Financing Your Green Projects
Letter from the Ohio Treasurer
Dear Ohioan: Thank you for your interest in the Ohio Green Guide. Your organization’s leadership in creating a more environmentally sustainable business is critical to bringing a new economic paradigm to the state of Ohio. The purpose of this guide is to make investments in green and clean technology easier on the green in your wallet through the use of government financial assistance programs. We aim to provide an easy-access network of resources to encourage environmentally responsible businesses in communities across Ohio. The programs included in this guide encompass various realms of alternative and renewable energies and climate-conscious investments. All of them offer benefits to companies already located in our state as well as those that are considering relocating here. You probably already have an idea of some of the potential next steps to make your business a leaner, greener and more sustainable operation. That is why our guide is organized by energy type and action: biomass and fossil fuels, conservation, solar, clean air, redevelopment, wind, research and development, and others. Just flip to the section that indicates the category of your green initiatives, and then find a list of grants, loans, and other financial resources designed for you. I would like to call special attention to three Ohio Treasury programs: GrowNOW - Provides a 3% interest-rate reduction on bank loans for small business owners (defined as having fewer than 150 employees) who are saving or creating jobs in Ohio. The program can save businesses up to $24,000 with less than 20 minutes of paperwork. Agricultural Linked Deposit Program – Provides up to a 4% interest-rate reduction on loans up to $100,000 for Ohio farmers who finance their operating expenses. ECO-Link – is a partnership between the Ohio Treasurer of State and eligible state banks to provide reduced-rate financing to encourage Ohioans to complete energy efficient projects in their homes. The program enables Ohioans to receive up to a 3% interest-rate reduction on bank loans up to $50,000 when completing weatherization projects and installing energy efficient “Energy Star” products in their homes. Other programs listed in the guide, while not administered by the Ohio Treasury, offer additional options which could be critical to the expansion and development of your business. We have provided links with all the contact information you will need to get started on your “green” journey. We appreciate the opportunity to partner with you to ensure the health and success of your business, as well as the economic development of Ohio. Please contact us if we can help in any way, at (800) 228-1102 or e-mail [email protected]. Sincerely,
Kevin L. Boyce Ohio Treasurer of State
Biomass & Fossil Fuels ……………………… 6 Solar ……………………………………………….… 8 Wind …………………………………………….… 10 Clean Air …………………………………………. 12 Research & Development ……………….. 14 Conservation & Redevelopment …..… 16 Miscellaneous ………………………………… 19 Programs at a Glance.……………………… 22 Program Index…………………………………..23
Contents
Biomass & Fossil Fuels
FUELING OHIO’S FUTURE
About
Benefits
Biomass is among the fastest-growing categories of alternative energy initiatives in the world today. These clean renewable energy resources include biodiesel and ethanol. Natural gas, a fossil fuel, is also considered a clean energy source. Their use greatly reduces the environmental impact of fuel use, strengthens the economy and benefits our national security. In 2007, renewable energy sources supplied 14% of the total world energy demand, mostly accounted for by traditional biomass.
Through numerous state agencies, Ohio businesses are able to take advantage of these cleaner fuels. Available programs secure funds for research; more use and production of biomass fuels; less use of dirty fossil fuels (coal); and the commercialization of new bio-products. Projects producing energy from biomass byproducts qualify as “advanced energy resources,” and are eligible sources under the state’s renewable energy portfolio. Under these standards, biomass is a required component of each Ohio electric distribution utility’s total yearly electric supply.
6
Biomass & Fossil Fuel Programs
Alternative Fuel Transportation Program
Clean Diesel School Bus Retrofit Fund
Landfill Methane Outreach Program
Ohio Department of Development
Ohio Environmental Protection Agency
Ohio Public Works Commission
Grant
Grant
Helps Appalachian communities find new and economically viable uses for methane
For schools, developmental disability programs (county) to purchase and install pollution controls on school buses
Assistance to businesses that increase availability, use, implementation of biofuels in motor vehicles
www.development. ohio.gov/energy (614) 466‐6797
Assistance Resources Sponsor Program Description
www.epa.ohio.gov/oeef/schoolbus.aspx (614) 644‐2873
www.epa.gov/lmop (202) 343‐9391
7
Grant
Loan Petroleum Revolving Loan Fund Program
Ohio Department of Development
Loans to restore and cleanup communal areas and revitalize blighted neighborhoods
http://development. ohio.gov/urban/BCRLF. htm (614) 995‐2292
Clean Coal Technology
Ohio Air Quality Development Authority
Grant Grants seek to increase development, production and use of advance energy technologies
http://ohioairquality. org/advanced_energy_ program/coal.asp (614) 728‐3540
Solar
GREEN BUSINESSES SHINE BRIGHT IN OHIO
Solar electric energy demand has grown by 20-25% annually over the past 20 years, partly because of lower costs to buy solar technology and expanding opportunities to finance installation and equipment. As a result, companies and consumers have been taking advantage of this cost– and energy-efficient alternative. Northwestern Ohio is quickly becoming a national technology corridor for solar technology development and manufacturing. Funding mechanisms (such as the ones in this guide) have stimulated growth in the solar photovoltaic and thermal systems markets; and they help extend electricity generation in remote rural areas and support research, development and technological advancement.
The financial resources offered by the State of Ohio give businesses opportunities to lower their costs using photovoltaic systems. Projects producing solar energy qualify as “advanced energy resources,” and are eligible sources under the state’s renewable energy portfolio. Under these standards, solar energy is a required component of each Ohio electric distribution utility’s total yearly electric supply.
Benefits
About
8
Program Sponsor Assistance Description Resources
9
Ohio Solar Programs
Residential Solar Thermal Energy
Ohio Department of Development
Grant www.development. ohio.gov/Energy/ Incentives/Advanced EnergyFundGrants. htm (614) 466‐6797
Supports use of solar thermal technology in construction and retrofits of multi‐family housing, single‐family developments (10 units or more)
Ohio Department of Development
Residential Solar Photovoltaic Energy
Supports installation of residential solar electric systems
www.development. ohio.gov/Energy/ Incentives/Advanced EnergyFundGrants. htm (614) 466‐6797
Grant
http://ohiothirdfrontier. Com/Photovoltaic Program.htm (614) 466‐6797
Photovoltaic Program
Ohio Third Frontier Fund
Provides funding to accelerate development & growth of the photovoltaic industry
Property Assessed Clean Energy Financing
Ohio municipalities and townships
Grant
Loan Funding for solar thermal, solar water, photovoltaic heating systems
Contact your local municipality or township
GOING GREEN MEANS FOLLOWING THE WIND
Wind
In 2006, wind turbines in the United States generated enough electricity to service more than 2.4 million households. Wind farms provide a clean, emission-free energy alternative to traditional fossil fuels. According to the U.S. Energy Information Administration, wind-based energy accounted for 7% of U.S. renewable energy consumption in 2009, enough to generate electricity for nearly 8.8 million households. The U.S. ranks first in the world for installed wind capacity. May 2010 saw the approval of the nation’s first offshore wind power farm. The nation’s use of wind power is expected to increase.
Ohio is committed to becoming a national leader in wind energy production and component development. According to the Ohio Department of Development, Ohio could have as many as 2,000 megawatts of wind generation in use by 2012. Currently, several large-scale wind projects are under development in Ohio. The many components needed for wind turbines also provide great opportunities for Ohio’s strong manufacturing sector. The wind programs listed in this guide allow businesses to reap the benefits of Ohio grants, loans and tax exemptions. Projects producing energy from wind qualify as “advanced energy resources, and are therefore eligible sources under the state’s renewable energy portfolio. Under these standards, wind power is a required component of each Ohio electric distribution utility’s total yearly electric supply.
About
Benefits
10
Program Sponsor Assistance Description Resources
Research, Development & Commercialization
Ohio Department of Development
Resources for research, development and commercialization of wind energy systems
http://development. ohio.gov/wind (614) 466‐6797
Information Only
11
Ohio Wind Programs
Ohio Wind Supply Chain Program ‐ Manufacturing Companies
Ohio Department of Development
Assistance to locate, expand and promote wind energy options in Ohio
http://development. ohio.gov/wind/ (614) 466‐6797
Information Only
Ohio Department of Development
Residential Wind Energy
Supports installing residential wind energy systems. Eligible installers apply for customers
www.development.ohio. gov/Energy/Incentives/AdvancedEnergyFund Grants.htm (614) 466‐6797
Grant
Wind Farm Development
Ohio Department of Development
Information for farm and rural businesses looking to purchase wind energy systems
http://development. ohio.gov/wind/ (614) 466‐6797
Information Only
Wind Farm Development
Ohio Department of Development
Information for farm and rural businesses looking to purchase wind energy systems
http://development. ohio.gov/wind/ (614) 466‐6797
Information Only
Ohio Anemometer Loan Program
Funded by Ohio Department of Development; managed by Green Energy Ohio
Loan Assists public entities, nonprofits, small business with wind assessment, early development costs.
www.GreenEnergy Ohio.org (614) 985‐6131
Clean Air
BREATHE A SIGH OF RELIEF
Ohio’s various “clean air” programs focus on assisting businesses as they transition to more energy efficient and economically practical ways of reducing harmful emissions. With new federal “cap and trade” legislation on the horizon, and many northeastern states already committed to a regulatory strategy to reduce emissions, Ohio’s businesses must seriously consider the environmental impact of their investments.
The financial assistance programs found in this section demonstrate Ohio’s commitment to investing in the technology and research that will reduce the state’s overall emission output, and capitalize on the economic development that these investments will bring. Clean air technology assistance programs are available to large and small businesses looking to put down roots in Ohio, and to those eager to transition to more emissions-cutting business practices. The Ohio Air Quality Development Authority makes available to Ohio businesses various grants, loans and tax exemptions for these needed improvements. Other state assistance programs may also be used to assist in this transition. See the “Miscellaneous” section of this guide for more information.
About
Benefits
12
Program Sponsor Assistance Description Resources
Ohio Air Quality Development Authority
Ohio Air Quality Development Authority
Ohio Air Quality Development Authority
Clean Air Resource Center
Large Business Assistance
Small Business Assistance
Grant, Loan
Tax Exemption
Tax Exemption
13
Offers small businesses a grant of up to 4% of the eligible portion of the project
Qualified large businesses receive tax incentive from bonds
Qualified small businesses receive tax incentive from bonds
www.ohioairquality. org/clean_air/carc.asp (614) 728‐3540
www.ohioairquality. org/clean_air/large_business.asp (614) 224‐3383
www.ohioairquality. org/clean_air/small_business.asp (614) 728‐3540 (800) 225‐5051
Ohio Clean Air Programs
* Contact identified on Web site
Diesel Emissions Reduction Grant
Grant Ohio Department of Transportation
Provides funding for reduction of diesel fuel emissions
www.dot.state.oh.us/ Divisions/TransSysDev/ Grants/Pages/Transit. aspx* (614) 466‐6797
INNOVATION DRIVES OHIO’S FUTURE
Research and development programs encourage businesses to invest in the development of technology that assists in the conversion of energy, solid waste, and the improvement of thermal energy uses. This category also includes government assistance for qualifying advanced energy projects and promotion of technology-based products and companies.
The financial assistance programs are available through the Ohio Department of Development, the Ohio Public Works Authority and the Ohio Air Quality Development Authority. The assistance includes grants, matching funds with lower fixed rates, and tax exemptions that encourage “green” business growth in Ohio.
About
Benefits
14
Research & Development
Ohio Energy Gateway Fund
Innovation Ohio Loan Fund Program
Ohio Department of Development
Ohio Department of Development
Loan
State‐provided resources to co‐invest $40 million into advanced energy projects, companies
Loans to implement product commercialization for leading tech‐based companies
www.development. ohio.gov/OhioEnergy GatewayFund/ 614) 466‐6797
www.development. ohio.gov/ohiothirdfrontier/ InnovationOhioLoanFund. htm (614) 466‐5420
Program Sponsor Assistance Description Resources
Grant
15
Ohio Research & Development Programs
Fuel Cell Development Initiative
Ohio Department of Development
Grant Accelerates the development and growth of fuel cell industry
www.development. ohio.gov/ohiothirdfrontier/ FuelCellProgram.htm (614) 466‐6797
Conservation & Redevelopment
GREEN INVESTMENTS PRESERVE AND REINVENT OHIO BUSINESSES
16
Conservation and redevelopment programs help ensure the future health and sustainability of our communities. These programs include wildlife conservation and the creation of energy efficient alternatives to fossil fuels. Cleaning up and rebuilding Ohio’s communities with energy efficient resources will create more jobs, attract more businesses as well as create and preserve the environment for all Ohioans to enjoy.
About
Millions of dollars in financial assistance available from the Ohio Public Works Commission and the Ohio Department of Development will enhance our communities and businesses, preserve the natural beauty of our state and ensure a healthier environment for years to come.
Benefits
Program Sponsor Assistance Description Resources
Clean Ohio Brownfield Revitalization
Clean Ohio Farmland
Clean Ohio Green Space Conservation Fund
Clean Ohio Recreational Trails Fund
Ohio Enterprise Bond Fund
Ohio Department of Natural Resources
Ohio Department of Agriculture
Ohio Public Works Commission
Ohio Department of Development
Ohio Department of Development
Loan
Grant
Grant
Grant
Grant
Provides assistance for recovering blighted neighborhoods
Assistance to preserve Ohio farmland
Provides assistance to preserve green space, ecological areas, stream corridors
Provides assistance for outdoor recreation improvements
Lower interest rates for acquisition, construction, restoration of land/property; and cost of equipment
http://clean.ohio.gov/ Brownfield Revitalization/ (614) 995‐2292
http://clean.ohio.gov/ FarmlandPreservation/ (614) 728‐6210
http://development. Ohio.gov/Business/ Loans_grants.htm# OEBF (614) 466‐6797
17
Ohio Conservation & Redevelopment
http://clean.ohio.gov/ GreenSpace Conservation/ (614) 466‐0880
http://clean.ohio.gov/ RecreationalTrails/ (614) 265‐6417
Program Sponsor Assistance Description Resources
Urban Redevelopment Loan
Rural Industrial Park Loan
Ohio Department of Development
Ohio Department of Development
Loan
Loan Promotes the redevelopment of qualifying urban properties
For economic development by non‐profits in rural areas; improve off‐site buildings, other locations
http://development.ohio. gov/Business/loans_ grants.htm#OEBF (614) 466‐5420
Program Sponsor Assistance Description Resources
18
Ohio Conservation & Redevelopment Programs
http://development.ohio. gov/Business/loans_ grants.htm#OEBF (614) 466‐5420
Regional and Statewide 166 Direct Loan
Ohio Department of Development
Loan Loans for acquisition, construction, restoration of land/property; and cost of equipment
http://development.ohio. gov/Business/loans_ grants.htm#OEBF (614) 466‐5420
The Brownfield Revolving Loan Fund
Loan Loans for acquisition, land & building improvement, construction, machinery, start up capital, working capital, equipment
http://development.ohio. gov/urban/BCRLF.htm (614) 466‐6797
Ohio Department of Development
Miscellaneous Programs
REWARDING OHIO’S ECO‐FRIENDLY BUSINESSES
The programs in this category include resources and financial incentives for the production, installation and implementation of energy efficient methods in Ohio. They also reward businesses for becoming more resource and eco-friendly. Some programs offer businesses product promotion assistance for their manufactured “green” products. Others offer tax exemptions and rate reductions on loans for small and medium-sized businesses, new companies and agricultural facilities. These programs will help your business grow and create awareness within your company about the importance of finding a viable way to lower energy prices and fossil fuel usage.
About
Benefits Miscellaneous programs include initiatives for industrial heat recovery, research and development of clean burning engines, and measures for growth and environmental need. These programs answer a growing need for better, cleaner and more efficient uses of energy, as well as retention of Ohio businesses and job creation. Many of the programs listed can be utilized across a wide variety of business sectors and funding needs. Follow the Web link for each program to better understand the qualifications of the programs.
19
Program Sponsor Assistance Description Resources
Ohio Department of Development
Ohio Department of Development
Ohio Treasury
Distributed Energy Resources (DER)
Renewable Energy Program
Agricultural Linked Deposit Program
Miscellaneous Programs
Promotes DER projects—industrial heat recovery; combined heat and power; biomass or landfill methane to electricity
Promotes installing solar electric, solar hot water, wind energy systems for non‐residential customers
Offers up to 4% interest rate cut on loans to farmers who finance their operating
www.development.ohio. gov/Energy/Incentives/AdvancedEnergyFund Grants.htm (614) 466‐6797
www.development.ohio. gov/Energy/Incentives/AdvancedEnergyFund Grants.htm (614) 466‐6797
www.ohiotreasurer.gov Under Linked Deposits, click “AgLink” (614) 466‐6546
20
Grant
Loan
Grant
Energy Conversion Facilities Tax Exemption
Ohio Department of Taxation
Tax Exemption
F0r investment in solid waste & energy conversions or thermal efficiency improvements
http://epa.ohio.gov/ ocapp/p2/funding/funding2.aspx (888) 405‐4039
ECO‐Link Ohio Treasury Loan 3% interest rate cut on home energy efficiency upgrades
http://Ecolink.ohio.gov (614) 466‐6546
GrowNOW Ohio Treasury 3% interest rate reduction on loans to businesses that create or retain jobs
Loan www.grownow.ohio.gov (614) 466‐6546
Energy Efficiency Program
Supports energy efficiency measures, technology at manufacturing facilities
Ohio Department of Development
Grant www.development.ohio. gov/Energy/Incentives/AdvancedEnergyFund Grants.htm (614) 466‐6797
20
Program Sponsor Assistance Description Resources
21
Miscellaneous Programs
Advanced Energy Program
Ohio Third Frontier Fund
Grant For accelerating the development & growth of the advanced energy industry
http://thirdfrontier.com/ AdvancedEnergy Program.htm (614) 466‐6797
Advanced Energy Fund
Ohio Department of Development
Grant For renewable energy, efficiency projects in industrial, agriculture, public, residential sectors
http://development.ohio.gov/ Energy/Incentives/Advanced EnergyFundGrants.htm (614) 466‐6797
Programs At A Glance
Biomass & Fossil Fuel Programs………………………….7 Alternative Fuel Transportation Program Clean Diesel School Bus Retrofit Fund Petroleum Revolving Loan Fund Program Clean Coal Technology Landfill Methane Outreach Program
Solar Programs…………….....9 Residential Solar Thermal Energy Residential Solar Photovoltaic Energy Photovoltaic Program Property Assessed Clean Energy Financing
Wind Programs…………....11 Research, Development & Commercialization Ohio Wind Supply Chain Program— Manufacturing Companies Residential Wind Energy Wind Farm Development Ohio Anemometer Loan Program
Clean Air Programs……...13 Diesel Emissions Reduction Grant Clean Air Resource Center Small Business Assistance Large Business Assistance
Research & Development Programs…………………...….15 Ohio Energy Gateway Fund Innovation Ohio Loan Fund Program Fuel Cell Development Initiative
Conservation & Redevelopment Programs…..17 Clean Ohio Brownfield Revitalization Clean Ohio Farmland Clean Ohio Green Space Conservation Fund Clean Ohio Recreational Trails Fund Ohio Enterprise Bond Fund Regional and Statewide 166 Direct Loan Urban Redevelopment Loan (The) Revolving Loan Fund Rural Industrial Park Loan
Miscellaneous Programs……..20 Distributed Energy Resources Renewable Energy Program Energy Efficiency Program ECO-Link Agricultural Linked Deposit Program GrowNOW Energy Conversion Facilities Tax Exemption Advanced Energy Program Advanced Energy Fund
22
Program Index
A Advanced Energy Fund………………………….…………...…21 Advanced Energy Program……………………………………..21 Agricultural Linked Deposit Program…………………………..20 Alternative Fuel Transportation Program……………………….7
C Clean Air Resource Center …………………...………………..13 Clean Coal Technology…………………………………………...7 Clean Diesel School Bus Retrofit Fund……………………...….7 Clean Ohio Brownfield Revitalization……….…………………17 Clean Ohio Farmland……………………...…………………....17 Clean Ohio Green Space Conservation Fund...……………...17 Clean Ohio Recreational Trails Fund………………………….17
D Diesel Emission Reduction Grant……………………………...13 Distributed Energy Resources………………………………….20
E ECO-Link………………………………………………………….20 Energy Conversion Facilities Sales Tax Exemption………...20 Energy Efficiency Program…………………………………….. 20
F Fuel Cell Development Initiative………………………………..15
G GrowNOW………………………………………………………...20
I Innovation Ohio Loan Fund Program….………………………15
L Landfill Methane Outreach Program……………….……………7 Large Business Assistance……………………………….…….13
O Ohio Anemometer Loan Program…………………………………..11 Ohio Energy Gateway Fund………………………………………...15 Ohio Enterprise Bond Fund…………………………………………17 Ohio Wind Supply Chain Program - Mfg. Companies……..……..11
P Petroleum Revolving Loan Fund Program…………………….……7 Photovoltaic Program………………………………………………....9 Property Assessed Clean Energy Financing………………………..9
R Regional and Statewide 166 Direct Loan………………………….18 Renewable Energy Program………………………………………. 20 Research, Development & Commercialization…..…………….….11 Residential Solar Photovoltaic Energy……………………………....9 Residential Solar Thermal Energy…………………………………...9 Residential Wind Energy…………………………………………….11 (The) Revolving Loan Fund.……………………….………………..18 Rural Industrial Park Loan…………………………………………..18
S Small Business Assistance………………………………………….13
U Urban Redevelopment Loan………………………………………...18
W Wind Farm Development……………………………………..……..11
23
For more information about these programs phone (800) 228-1102 (toll-free). For online information and a printable version of the 2010 Ohio Green Business Guide go to http://ecolink.ohio.gov
Kevin L. Boyce Ohio Treasurer of State
For more information about these programs phone (800) 228-1102 (toll-free). For online information and a printable version of the 2010 Ohio Green Business Guide go to http://ecolink.ohio.gov
For more information about these programs phone (800) 228-1102 (toll-free). For online information and a printable version of the 2010 Ohio Green Business Guide go to http://ecolink.ohio.gov
For more information about these programs phone (800) 228-1102 (toll-free). For online information and a printable version of the Ohio Green Guide go to http://ecolink.ohio.gov