Vermont gets more than $250,000 for small business energy projects

Jan 1, 2021 lhnddidp

first_imgAgriculture Secretary Tom Vilsack today announced loans and grants for more than 500 agricultural producers and rural small businesses across the country to implement renewable energy and energy efficiency measures in their operations. Vermont receive more than $250,000 for solar projects in Windham County. ‘This funding is an important part of the Obama Administration’s plan to help the nation’s farmers, agricultural producers and rural small businesses conserve natural resources, create more green jobs and lead us on the path to becoming an energy independent nation,’ Vilsack said. ‘These projects are in addition to the more than 900 renewable energy and energy efficiency projects recently announced during the President’s Rural Economic Forum.’   The grants and loan guarantees are being provided through the Rural Energy for America Program (REAP), a 2008 Farm Bill initiative. REAP offers funds for farmers, ranchers and rural small businesses to purchase and install renewable energy systems and make energy-efficiency improvements. These federal funds leverage other funding sources for small businesses. In all, USDA announced today more than $27 million in energy grants and guaranteed loans for projects. According to State Director for Rural Development, Molly Lambert, ‘the REAP program is helping many agricultural producers and rural small businesses reduce energy consumption and improve operations.’ – For example, in Putney, David Major of Vermont Shepherd, LLC was selected to receive a $49,000 grant and a $98,000 loan guarantee to install a 28kw solar photovoltaic system which will create more than 38,400 kilowatts per year of electricity. In East Dummerston, Deborah Titus of Sweet Tree Farm, LLC was selected to receive a $24,940 grant to install a 16.56kw ground mounted solar photovoltaic system to replace their farms current electrical usage, with all excess power generated will be sold to the local utility. High Meadows Farm and Greenhouses in Putney received a $49,750 grant for a solar project. And the West Hill Shop in Putney received a $44,850 grant for a solar project. In total, Vermont received $168,540 in grants and $98,000 in loans in this funding round. The Obama Administration has set a goal of making 10,000 new flex-fuel pumps available to America’s drivers within the next five years ‘ a five-fold increase from today’s level. By building infrastructure to put biofuels produced in America in our fuel tanks, USDA is supporting the clean energy economy we need to ensure our long-term prosperity and help us out-compete the rest of the world. USDA is working to support the research, investment and infrastructure necessary to build a nationwide biofuels industry that creates jobs in every corner of the country. Funding of each award is contingent upon the recipient meeting the conditions of the grant or loan agreement. Grants can finance up to 25 percent of a project’s cost, not to exceed $500,000 for renewables, $250,000 for efficiency. For a complete listing of Rural Energy for America Program recipients announced today, click here.Today’s announcement further demonstrates the investments the Obama Administration is making to help create jobs and grow our rural economy. On September 8, President Obama presented the American Jobs Act in an address to Congress. The purpose of the American Jobs Act is simple: put more people back to work and put more money in the pockets of working Americans.  The American Jobs Act is specific, it will put people back to work right now and it won’t add to the deficit. Through a combination of direct spending, such as infrastructure investments, and tax relief, such as an extension of the payroll tax cuts, it will lead to new American jobs. Since taking office, President Obama’s Administration has taken significant steps to improve the lives of rural Americans and has provided broad support for rural communities. The Obama Administration has set goals of modernizing infrastructure by providing broadband access to 10 million Americans, expanding educational opportunities for students in rural areas, and providing affordable health care. In the long term, these unparalleled rural investments will help ensure that America’s rural communities are repopulating, self-sustaining and thriving economically. USDA, through its Rural Development mission area, administers and manages housing, business and community infrastructure and facility programs through a national network of state and local offices. Rural Development has an existing portfolio of more than $155 billion in loans and loan guarantees. These programs are designed to improve the economic stability of rural communities, businesses, residents, farmers and ranchers and improve the quality of life in rural America.MONTPELIER VT, Sept. 26, 2011 ‘last_img

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