USA Energy Advisors provides advisory services to government agencies and private entities related to advanced energy programs and projects in Ohio. The document outlines various state and federal funding programs to support advanced energy technologies, including loans from the Ohio Air Quality Development Authority and the US Department of Energy. Eligible projects include solar, wind, nuclear, biomass and other advanced energy technologies focused on commercialization and job creation.
Learn about the importance of regionalization in South Central Connecticut and see our progress toward our goals set in the region's Comprehensive Economic Development Strategy.
Ομιλία: “ESG in Corporate Governance and public enterprises (SOEs)”
Χριστίνα Κολιάτση, Chief Legal Counsel, Ελληνική εταιρεία Συμμετοχών και Περιουσίας ΑΕ (ΕΕΣΥΠ)
ISES 2013 - Day 1 - Dr. Satyajit Bose (Earth Institute at Columbia Universit...Student Energy
The transition from fossil to renewable energy demands enough capital to develop and release new solutions. This means that investors are needed. The last years, private investors in clean energy have experienced a rising demand in the market. This session will give the participants thoughts on how we can make sustainable investments profitable.
"The 3 Rs: Recession, Resources + Recovery" - speech by reknown economist and Dean of the Maxine Goodman Levine College of Urban Affairs at Cleveland State University...Dr. Ned Hill. Given at the 2009 Annual Meeting of the Ohio Economic Development Association (OEDA).
Learn about the importance of regionalization in South Central Connecticut and see our progress toward our goals set in the region's Comprehensive Economic Development Strategy.
Ομιλία: “ESG in Corporate Governance and public enterprises (SOEs)”
Χριστίνα Κολιάτση, Chief Legal Counsel, Ελληνική εταιρεία Συμμετοχών και Περιουσίας ΑΕ (ΕΕΣΥΠ)
ISES 2013 - Day 1 - Dr. Satyajit Bose (Earth Institute at Columbia Universit...Student Energy
The transition from fossil to renewable energy demands enough capital to develop and release new solutions. This means that investors are needed. The last years, private investors in clean energy have experienced a rising demand in the market. This session will give the participants thoughts on how we can make sustainable investments profitable.
"The 3 Rs: Recession, Resources + Recovery" - speech by reknown economist and Dean of the Maxine Goodman Levine College of Urban Affairs at Cleveland State University...Dr. Ned Hill. Given at the 2009 Annual Meeting of the Ohio Economic Development Association (OEDA).
A PowerPoint presentation by the State of Ohio (Ohio Labor Market Information) on what the job market will look like over the next 7 years (until 2016).
A PowerPoint put together by Joe Zeis of the Dayton Development Coalition about the impact on the Dayton economy of the 2005 BRAC (Base Realignment And Closure).
David Meadows of the Ohio Department of Development discusses low-cost loans that support energy efficiency and renewable energy improvements during the AEP Ohio Water/Waste Water Customer Seminar held at Zane State in Zanesville, Ohio.
A PowerPoint presentation by the State of Ohio (Ohio Labor Market Information) on what the job market will look like over the next 7 years (until 2016).
A PowerPoint put together by Joe Zeis of the Dayton Development Coalition about the impact on the Dayton economy of the 2005 BRAC (Base Realignment And Closure).
David Meadows of the Ohio Department of Development discusses low-cost loans that support energy efficiency and renewable energy improvements during the AEP Ohio Water/Waste Water Customer Seminar held at Zane State in Zanesville, Ohio.
Elements of Shovel Ready Projects for Stimulus Fundingjslaney
Presenter, "Introduction to Stimulus Funding: How to Make Your Project \'Shovel Ready\'," Finding and Applying for Grants and Guaranteed Loans for Renewable Energies Projects and Businesses, Renewable Energies LLC Seminar, Cle Elum, Washington, June 17, 2009
Slides from Public Resources for Business Development event for Minnesota Cup...University of Minnesota
On Monday, August 16, 2010, the MN Department of Employment & Economic Development (DEED), University of Minnesota's Carlson School of Management and Holmes Center for Entrepreneurship, Minnesota Cup and CleanTech Open hosted an event for Minnesota Cup and CleanTech Open entrepreneurs on public resources for business development and sources of funding.
Outline:
Existing EE Related Funds & Incentives In Malaysia
Financing Options To Implement EE Projects
EE Project Evaluation
Examples Of EE Solutions & Technologies
Conclusions
What’s Next?
Iris Cooper - ODOD - Entrepreneurship + Small BizSpringfieldEdge
The slides from Iris Cooper's presentation to the HITS team in Springfield, OH. Iris is the Director of the Entrepreneurship + Small Business Division of the Ohio Dept. of Development.
Michelle "Mickey" Dickman, Director of the Air Force Research Laboratory Wright Site Small Business Office, talks on how to do business with Wright-Patterson and how to do it well.
SWCO (Southwest Central Ohio) PTAC (Procurement Technical Assistance Center) Director Meredith Threatt's PowerPoint presentation at the 2009 Selling to the Government event held 9/24/2009
PowerPoint Presentation by Victoria McCoy on the history, development and modifications of hair dryers for Introduction to Engineering class (Kenton Ridge High School)
The results of work done by Brittany Cravens and Maranda Moore at Wittenberg University as part of the 2009 Community Internship Program - this on survey of over 300 companies in Springfield OH MSA.
The PowerPoint presentation of Jim Franks, Executive Director and Dean of Corporate and Public Services, at the 2009 Training Grant Seminar put on by the Chamber's Manufacturers' Council and Clark State.
PowerPoint presentation by Mary Benedict, Senior Workforce Development Specialist at the Ohio Dept. of Development, on the Ohio Workforce Guarantee program
2. Introduction to USA Energy Advisors We are Ohio-based: A subsidiary of Columbus-based Value Recovery Group with Offices in Columbus, St. Louis and Washington DC For Government Agencies: USAEA designs and manages State and Federal advanced energy incentive and related financial programs. Our services include program design, financial and technical underwriting, back office support, marketing support, project and program management. For Private Entities: USAEA provides economic development and site selection advisory services, project development management services, grant writing, incentive negotiation services, public and private finance assistance and government and community relations assistance.
3. Advanced Energy in Ohio Business Investment Leadership For the past five years, Ohio has been among the leaders in business expansion. Ohio’s renewable energy industry supported over 6,600 jobs and generated nearly $800 million in revenues. Research and Development Leadership Ohio’s private sector spent $5.9 billion on R&D Ohio’s Commitment to Green Energy Ohio's Renewable Portfolio Standard (RPS) requires that 25 percent of Ohio electricity sales must come from advanced energy sources by 2025, with at least half of this from renewable sources and half from sources located within Ohio.
4. Overview Governor Ted Strickland signed a $1.57 billion bipartisan jobs stimulus package (HB 554) on June 12, 2008 Creating an $84 million Advanced Energy (non-coal) stimulus program to: Attract new investment and create jobs Focus on industrial applications (not research and development) Build upon Ohio’s manufacturing strengths Advance energy technology development towards full commercialization
5. Overview Target industries & Programs: Solar Wind Generation III Nuclear Hydro Biomass Energy Efficiency (Commercial/Industrial) Distributed Generation Energy Storage Fuel Cells Waste Conversion Technologies Energy Demand Reduction
6. Overview Administered by the Ohio Air Quality Development Authority Issuing approx $28 million in awards each year, for three years Awards will range from approximately $300,000 to $3 million Typically based on size and scope of project and job creation Loans may have possible principal (up to $250,000) forgiveness if job creation benchmarks are achieved Awarded through a formal application and review process Below market rates of with terms ranging 3 – 7 years
7. Overview of Loan Terms and Conditions Financing is only for fixed assets Fixed assets must be operational before loan can be disbursed Take out financing Single or multiple disbursements are allowed OAQDA requires a first lien or shared first lien position Guarantees may be required Prevailing wage applies
8. Application and Award Process Schedule: Open – applications considered as long as funds are available Pre application: Screen for compliance and completeness (LOI format) Application and Validation Criteria that meet State of Ohio goals Performance measures to guide applicants Review and recommendation to OAQDA staff Statutory Approval Process Approved by: Development Financing Advisory Council Ohio Air Quality Development Authority Controlling Board Algae bio-fuel development
9. Guiding Principles Workforce Impact: New, Full-time, Permanent Jobs Construction Jobs Economic Impact of Jobs Advancement Opportunities Leverage: Private Investment Public Investment Tipping Points: Progress in Development (Preferably from demonstration to the commercial stage) Project Viability (Technology, Financial, Business) Break-through Potential Strategic Positioning: Attracting New Investment Building upon Existing Manufacturing Strength Reclaiming Ohio's Heritage of Innovation Preparing Ohio's Workforce for the Future Expand Opportunities to New Groups/Areas
10. Select Projects Ohio Cooperative Solar Project: Owner/Installer Solar Panels Jobs: 20 Loan: $1,530,000 Technology Management Inc. Project: Fuel Cells Jobs: 42 Loan: $2,537,500
11. Select Projects Wayne Trail Technologies Project: Lithium-ion Battery Mfg System Jobs: 37 Loan: $838,440 Xunlight Project: Thin-film Solar production Jobs: 181 Loan: $4,060,000
12. Award Criteria Guideline Jobs Timing of Jobs Wages Cooperative Work Opportunities Supply Chain Position Product Risk Customers Sustainable Advantage Leverage Secondary Job Creation Other Investment Impacts Financial Strength Management Strength Technical Expertise Company History Carbon Reduction Energy Independence Corporate Environmental Stewardship Environmental and Energy Utilization Impacts Speed to Market Non-traditional Partners Prior or Complimentary Support from the State of Ohio U.S. or International Investment in Ohio http://www.ohioairquality.org/advanced_energy_program/ See “Award Criteria Guideline” at the OAQDA Website for Full Description
13. Other Resources State of Ohio: Ohio Energy Gateway Fund An innovative pilot program combining Federal, State and matching private dollars. $40 million public funding matched by minimum $40 million private funding Create a privately managed revolving investment fund for advanced energy companies in Ohio Goal Create jobs and further develop Advanced Energy in Ohio Managed by professional investment manager Announcements in June 2010 regarding full roll-out of fund Support current Ohio businesses and attract new companies to Ohio Fund will look to redeploy capital returned to create an Evergreen Fund
14. Ohio Energy Gateway Fund Investment Profile Growth stage Advanced Energy companies ready for commercialization Build domestic sources of advanced energy technologies Expand production in emerging energy companies Facilitate improvements that yield energy efficiency Expand advanced energy power production Equity investment to the company Number of Transactions - The State expects that no fewer than twelve (12) first-round investments will be made into Ohio-based advanced energy projects. Timing of Investments – Investment Manager must commit 40% of all public funds under its management to an Ohio-based investment portfolio within twelve (12) months from commencement of the Fund award. The remaining 60% must be invested no later than April 30, 2012
15. Other Resources Ohio Dept of Development: Innovative Ohio Loan Program The Innovation Ohio Loan Fund is intended to supply capital to Ohio companies having difficulty securing funds from conventional sources due to technical and commercial risk factors associated with the development of a new product or service. Targeted Industry Sectors: Advanced Materials; Instruments, Controls and Electronics; Power and Propulsion; Biosciences; and Information Technology. Terms: Fixed interest rate at or below private sector loans for comparable levels of risk (typical prime plus 2%). Typically 4 to 7 years Can finance up to 75 percent of a project’s allowable costs, maximum of $2 million and a minimum of $500,000.
16. Other Resources Ohio Dept of Development: Research & Development Investment Loan Fund The R&D Fund can be used to aggressively pursue research and development operations and facilities and to fund the cost of capital purchases. Eligible Projects Research is undertaken for the purpose of discovering information that is technological in nature, and the application of which is intended to be useful in the development of a new or improved product, process, technique, formula or invention. Project employment will be comprised of a significant representation of scientists, researchers and technicians. Terms Finance up to 50% of a project’s allowable costs; ranging in size from $1.5 to $25 million Up to 15 years for real estate and up to 10 years for machinery and equipment. Interest rates are fixed at/or below market rates and typically do not exceed ½ of prime rate. Recipients may be eligible for a dollar-for-dollar tax credit, equal to the amount of principal and interest repaid on the loan. The maximum annual credit is $150,000.
17. Other Resources U.S. Department of Energy: Partial risk-sharing loan guarantees (up to 80% of total loan) to support the debt financing for renewable energy generation systems 1705 Commercially Available Technology for Energy Generation (Financial Institutions Partnerships Program (FIPP) 1703 Innovative Technologies Ready to Proceed to Commercialization in US Small and Medium Projects Initiative Large Manufacturing – Recently Announced Online application portal – https://www.doeloan.com Goals: 1. Power Generation 2. Job Preservation and Creation 3. Innovative Technologies 4. Infrastructure Investment 5. State and Local Stabilization 6. Energy Independence
18. Contact Us www.ohioairquality.org OAQDA Help Desk Phone line: (614)-246-9726 oaqdahelp@usaenergyadvisors.com www.lgprogram.energy.gov DOE Help Desk Phone line: (614) 324-5940 DOEHelpDesk@USAEA-Connect.com USA Energy Advisors 919 Old Henderson Rd. Columbus, OH 43220 (614) 324-5949 http://www.usaenergyadvisors.com/