Eaton Peabody
News >> Publications >>
USDA Renewable Energy and Energy Efficiency Program
We are sending this alert to selected Eaton Peabody clients, in case you have yet to hear about the USDA's Renewable Energy and Energy Efficiency Program. This program offers grants, guaranteed loans, and combination grant/guaranteed loans to assist rural Maine businesses that purchase and install renewable energy systems and make energy efficiency improvements. A number of Maine businesses and manufacturers have already taken advantage of this program to improve efficiency and lower production costs. The program can be used to construct new facilities or to improve existing ones.
The USDA is awarding grants up to $750,000 per project for combined renewable and energy efficiency projects, as well as low-interest loans up to $10,000,000 per project.
Examples of energy projects awarded grants in 2003 and 2004:
Small Business - Installation of cogeneration wood fired boiler systems.
Agricultural Producer - Installation of outside factory-made wood burning furnace.
Agricultural Producer - Construction of a 12,000,000 gallon bio-diesel production plant.
For more information, please click on this link to view the Renewable Energy and Energy Efficiency Program Fact Sheet provided by USDA Maine.
USDA Maine
The United States Department of Agriculture's Rural Development Program provides a wide range of programs to assist individuals, businesses and municipalities throughout the State of Maine. Numerous Maine businesses have received USDA financing that has allowed them to expand, thereby creating and preserving rural employment opportunities. USDA Maine has has regional offices in Bangor, Lewiston, Scarborough, and Presque Isle to administer the USDA's grant and loan programs. The agency's goal is to work with other federal, state, and local groups to enhance the quality of life in rural Maine.
To find out additional information on the USDA...
Eaton Peabody Consulting Group, LLC.
Economic Development Practice
Our Economic Development professionals are available to help manufacturers and businesses identify and qualify for public financing and incentive programs to support business development, including modernization and expansion projects. We regularly assist Maine-based businesses with tax increment financing, Pine Tree Zone qualification, CDBG Business Assistance Program grants, and other local, state and federal programs.
To find out more about this group...
Please contact Erik M. Stumpfel, estumpfel@eatonpeabody.com, for further information.
This paper is provided as general information, and is not a substitute for legal or other professional advice.