Renewable Energy Fund

Projects eligible for funding from the Renewable Energy Fund include commercial/industrial generation projects using renewable energy sources; manufacture of renewable energy products and components; and workforce development and training projects to prepare the region’s workforce for renewable energy jobs.

Funding is available as low-interest loans and/or grants for real estate acquisition, building construction, equipment purchases, and other physical improvements adding  value to real estate, including associated soft costs. Grants are available to assist with workforce development and training, including  tuition reimbursement, internships, and training equipment.

For-profit businesses, nonprofit organizations, and industrial/economic development authorities are eligible to apply as long as they are developing a project in the region. The amount of funding per project is based upon factors including the number of jobs, wage rates, and private investment of the project.