More funding for PA clean energy and water infrastructure
Newly approved Commonwealth Financing Authority (CFA) guidelines for the Alternative and Clean Energy (ACE) and High Performance Building (HPB) programs are making $97 million in ACE funding and $25 million in HPB funding available.
The new program guidelines, which provide for more allowable expenses and broader eligibility requirements, make it easier for businesses to access the funding they need to deploy clean energy technology throughout Pennsylvania.
The ACE program has increased the loan amounts for manufacturing firms to $40,000 for each new job created. In addition, the program now provides for funding of infrastructure associated with compressed natural gas and liquefied natural gas fueling stations.
Revised HPB guidelines broaden project eligibility and now provide for construction financing, which allows grant/loan recipients to apply for reimbursement of allowable construction expenses as they are incurred.
CFA has also made available approximately $17.5 million for water and sewer improvements as part of the Water Supply and Wastewater Infrastructure Program (PennWorks), which provides loans to municipalities, municipal authorities, industrial development corporations and investor-owned water or wastewater enterprises for projects which construct, expand or improve water and wastewater infrastructure.
"Having up-to-date infrastructure systems and facilities is critical when companies are looking to expand or relocate," Department of Community and Economic Development Secretary C. Alan Walker said. "The PennWorks program will help communities develop shovel-ready sites to meet the needs of businesses and attract new investment and jobs."
PA gets $82M for water infrastructure projects