8-11-2016 Renewable Energy for Rural Businesses

(Submitted by Hannah Scott, Manager, Ohio Cooperative Development Center, OSU South Centers)

Join the OSU South Centers Business Development Network in Piketon, Ohio on Thursday, August 11 from 9 a.m. to 12 p.m. for a Renewable Energy for Rural Businesses Information Session. The program is offered at no cost to you and will include experts from Ohio State University Extension, Ohio Farm Bureau Federation, and U.S. Department of Agriculture Rural Development.

To register, contact Jennifer Dunn at Dunn.595@osu.edu or call 740-289-1605. See the flyer and agenda for more details (below).

Flyer:
ScreenHunter_783 Jul. 20 12.54

Agenda:
ScreenHunter_785 Jul. 20 13.12

Rural Energy for America Program (REAP) Grant Deadline of 11/2/15

(Submitted by Brad Bapst, Director, Small Business Development Center, OSU South Centers)

Notice from: Randel Monhemius, Business Program Specialist
USDA, Rural Development

November 2, 2015, is the first deadline for accepting applications to the Rural Energy for America Program for projects requesting $20,000 and less. If you are considering financing options for your small renewable energy project or energy efficiency improvement project, I would encourage the submission of an application prior to the deadline of November 2, 2015.

In brief, the Rural Energy for America Program (REAP) is intended to encourage rural small for-profit businesses and agricultural producers to install renewable energy systems and make energy efficiency improvements. The grant program can help to pay for up to twenty-five percent of the total eligible project costs. Please keep in mind that this program can only assist with costs incurred after an application for this program is received by this office. This is a highly competitive program and not all applications will receive the funding requested. Residential improvements are not permitted through this program.

Should you have any questions please contact me at 614-255-2424 or Christie Hooks at 614-255-2397.

Thank you.
Randy M.

Randel Monhemius, Business Program Specialist
USDA, Rural Development
200 North High St., Room 507
Columbus, OH 43215
Phone 614-255-2424
Fax 614-255-2562
Randy.Monhemius@oh.usda.gov
www.rurdev.usda.gov

Energy Loan Fund Application Update

(Submitted by Melissa Carter, Business Development Specialist, Small Business Development Center, OSU South Centers)

Ohio Development Services Agency pic for Energy loan post

The Ohio Development Services Agency will open a new round of funding for the Energy Loan Fund on July 15, 2015. The Fund provides financing for energy efficiency and advanced energy projects to Ohio businesses, manufacturers, non-profits, schools, colleges and universities, and public entities. A total of $11.25 million in funding is available for Fiscal Year 2016.

The Energy Loan Fund guidelines and application process have been updated for the new round of funding. Applicants are encouraged to thoroughly read the program guidelines before starting the application process. A few important updates:

• All applicants must submit a Letter of Intent. A prospective applicant cannot submit a formal application without having first submitted a Letter of Intent. Letters of Intent will be accepted only from July 15 – August 12, 2015 for this round of funding.
• Loan amounts will range between a minimum of $250,000 to a maximum of $1,250,000 for all applicants.
• All applicants must attend the Bidder’s Conference on August 26, 2015.

All applicants are required to submit a Letter of Intent to the Ohio Development Services Agency by Wednesday, August 12, 2015. Once an applicant has submitted a Letter of Intent, they will receive instruction on how to complete a formal application.

A copy of the updated guidelines and information on the application process can be found here. Questions specific to applying for current round of funding should be sent to energy@development.ohio.gov.

Thank you for your interest in the Energy Loan Fund.

The State of Ohio is an Equal Opportunity Employer and Provider of ADA Services.