Nonprofit Directors in T&E Community: Take Note of Incentive Funds

by Carter Ruml on March 1, 2010

"Show Us The Money"

T&E Community – although KYEstate$ focuses on T&E law matters, when we learn information useful to our readers, we will pass it along.  Many KYEstate$ readers serve as directors of nonprofit boards, or work in fundraising or planned giving for nonprofits, and that’s why we think this Business First article will be interesting.  The article describes four small business incentive programs intended to encourage economic development and “green” jobs.

Available funding is not that large, in the neighborhood of $3.5 million.  The funds come from the US Department of Energy, the stimulus bill, and Metro Government.  $2 million is set aside for a revolving loan fund to finance retrofit of “off-road diesel equipment”.  KYEstate$ is not sure what to make of that, but wonders if that’s appropriations-speak for “make construction equipment pollute less”.  What do readers think?

$1.4 million is allocated to a revolving loan fund for companies providing new “green jobs” or “green products”.

KYEstate$ thinks that the fund most relevant to readers is the “Nonprofit Energy Audit Grant, a $200,000 grant pool for nonprofit organizations to improve the energy efficiency of their facilities through energy audits”.  For some few, fortunate nonprofit organizations with sufficient cash on hand to implement audit recommendations, acting on the audits might reduce operating expenses.  That’s a good thing in this economy, especially because utility bills usually aren’t mission-related.  So, this looks like a modest win-win for all concerned.

$200,000 cannot possibly last long.  KYEstate$ readers on nonprofit boards: act quickly.  Call (502) 574-4140 to apply.

FYI, the last of the four programs is a revolving loan fund that ”provides incentives for manufacturing companies that limit energy usage by installing monitors on power equipment”.  Readers, your clients in the American Mittelstand might benefit.

The stimulus bill cost each of us $2,700, and the bailout bill cost each of us an additional $3,800. (It appears that this little-known, low-profile company is not unaware of those facts.)  So, let’s get our share out here in the “Flyover”, too!

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