Ohio Department of Development launches new energy loan fund
The Ohio Department of Development’s Office of Energy recently announced the launch of the Energy Loan Fund program to provide low-cost financing to energy efficiency and renewable energy projects. With more than $7 million in state funding through the Advanced Energy Fund, as well as federal funds through the State Energy Program, this program targets manufacturers, public entities and small businesses.
To qualify, projects must, among other things, reduce energy consumption, improve environmental quality, and create or retain jobs.
