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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,


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.

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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

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Grant

Loan Petroleum Revolving Loan Fund Program


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


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)


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


Research, Development & Commercialization


Resources for research, development and commercialization of wind energy systems

http://development. ohio.gov/wind (614) 466‐6797

Information Only

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Ohio Wind Programs

Ohio Wind Supply Chain Program ‐ Manufacturing Companies


Assistance to locate, expand and promote wind energy options in Ohio

http://development. ohio.gov/wind/ (614) 466‐6797

Information Only


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


Information for farm and rural businesses looking to purchase wind energy systems


Information Only

Wind Farm Development


Information for farm and rural businesses looking to purchase wind energy systems


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





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



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


Grant

15

Ohio Research & Development Programs

Fuel Cell Development Initiative


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

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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


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



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

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Ohio Conservation & Redevelopment

http://clean.ohio.gov/ GreenSpace Conservation/ (614) 466‐0880

http://clean.ohio.gov/ RecreationalTrails/ (614) 265‐6417


Urban Redevelopment Loan

Rural Industrial Park Loan



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


18

Ohio Conservation & Redevelopment Programs


Regional and Statewide 166 Direct Loan


Loan Loans for acquisition, construction, restoration of land/property; and cost of equipment


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


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.

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Ohio Treasury

Distributed Energy Resources (DER)

Renewable Energy Program

Agricultural Linked Deposit Program


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.ohiotreasurer.gov Under Linked Deposits, click “AgLink” (614) 466‐6546

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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


Grant www.development.ohio. gov/Energy/Incentives/AdvancedEnergyFund Grants.htm (614) 466‐6797

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21


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


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

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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

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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

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