Stevens Institute to Construct Three Buildings Using $270M in Bonds
The Stevens Institute of Technology is scheduled to construct two student residential towers and a three-story university center through $270 million in bonds approved by the NJ Educational Facilities Authority. The NJEFA says the financing is anticipated to include a tax-exempt and a taxable series of bonds, all or a portion of which are authorized to be issued as Green Bonds.
Entrepreneurs Launch Clean Energy-Powered Affordable Housing Startup in Chicago, IL
Robert "A.J." Patton and Erica Johnson are launching a company that they hope will provide quality housing to lower-income residents in Chicago, and avoid gentrification, by harnessing the potential of energy efficiency and solar. At the same time, they plan to provide jobs for low-income and minority residents who are disproportionately left out of the clean energy economy.
An Innovative Focus for the Eagle Knitting Mills Building
Developer Wangard Partners Inc. aims to create a STEM-focused innovation ecosystem. The project, known as Eagleknit, will support this ecosystem environment with: A shared community facility and training room; workforce development; education for STEM fields and trades; minority-focused businesses; and start-up and entrepreneur space.
DE Rolls Out PACE Program Allowing Businesses to Pay for Energy Efficiency Projects
Energize Delaware and New Castle County officials announced the launch of an initiative that will allow commercial and industrial property owners to finance energy-efficient and clean energy projects. Projects that qualify under the statewide Delaware Property Assessed Clean Energy (D-PACE) program will be financed through a voluntary assessment on property tax bills.
Nassau County Approves $408M Bond For Sewage Conveyance Project
The Nassau County Legislature approved a $408 million bond resolution that will help fund the Bay Park Conveyance Project — a plan to stop discharging treated sewage into the Reynolds Channel and divert it to the Cedar Creek Sewage Treatment Plant, which discharges into the ocean. The bond builds on the $830 million in state and federal money already invested in the project.
The Conservation Fund Announces Commencement Of Green Bond Offering
The Conservation Fund (TCF) announced that it is commencing an offering of taxable Green Bonds of approximately $100 to $150 million. Proceeds from the offering will be used primarily to increase the scale of its conservation initiative, dedicated to mitigating climate change and protecting natural ecosystems.
TWDB Approves $800K To Woodloch, TX For Disaster Recovery
The Texas Water Development Board approved by resolution financial assistance in the amount of $800,000 in loan forgiveness from the Clean Water State Revolving Fund to the Town of Woodloch in Montgomery County. The City will use the assistance to finance planning, design, and construction costs associated with a Hurricane Harvey.
U.S. Wind Industry to Maintain Momentum
The United States currently has the second-largest wind energy market in the world after China. According to the American Wind Energy Association, wind power is expanding rapidly in many regions across the nation which ramped up wind energy project development activities in the second quarter of 2019.
In Chicago, IL, a New Financing Tool for Clean Energy and Efficiency Upgrades
Amped Kitchens is opening a Chicago "apartment building for kitchens" where companies can rent space to cook food to be sold to major grocery chains and other customers, based on its successful model in California.
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