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Press Release:
Mayor Coleman Launches Two New Green Building Incentives
As part of the Get Green Columbus initiative, Mayor Michael B. Coleman opened two new incentive programs for applicants today: the Green Columbus Fund and the Green Switch Loan Fund. For businesses and nonprofits, these funds will help both the environment and their bottom line.
“Each of these programs was planned with a focus on incentivizing redevelopment to protect the environment and create jobs,†Mayor Coleman said. “These investments will bear fruit for Columbus through job creation, environmental protection and a higher quality of life.â€Â
The $1 million Green Columbus Fund provides grants to acquire contaminated brownfield sites, complete environmental assessments or reimbursements for the cost to certify a building with the United States Green Building Council for LEED-NC status, the nationally accepted benchmark for evaluating sustainable buildings.
The $1 million Green Switch Load Fund provides low-interest loans to cover the cost of energy efficiency construction and renovation building improvements, including insulation, windows, lighting, heating and cooling systems, and even energy efficient equipment in industrial and commercial facilities.
“To this point, businesses have had to balance costs of making environmentally sound decisions against the costs of less expensive alternatives,†Councilmember Andrew J. Ginther, chair of the Finance and Economic Development Committee said. “These green initiatives will reward companies who make good choices, make the decision to go green easier, provide a better return on investment and help solidify Columbus as a leader in the green technology."
Both funds are capped at $200,000 per project. Funds will be offered on a first-come-first-served basis for eligible applicants. Further details including funding limits are available online at http://www.GetGreenColumbus.org .