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Advanced Energy Job Stimulus Program (Ohio)
EZFeed/Relevant Yes  +
Incentive/Active false  +
Incentive/Amt 50,000 to 2 million  +
Incentive/ApplDsc Commercial  + , Industrial  + , Nonprofit  + , Local Government  + , State Government  + , Tribal Government  + , Fed. Government  + , Institutional  +
Incentive/AuthCode ORC § 3706.25 et seq  +
Incentive/AuthDtEff 2008-06-12  +
Incentive/AuthDtEnact 2008-06-12  +
Incentive/AuthLink http://codes.ohio.gov/orc/3706.25  +
Incentive/ContAddr 50 W Broad Street  +
Incentive/ContAddr2 Suite 1718  +
Incentive/ContDept Ohio Air Quality Development Authority  +
Incentive/ContEmail Megan.zemke@aqda.state.oh.us  +
Incentive/ContName Megan Zemke  +
Incentive/ContPhone (800) 225-5051  +
Incentive/ContPhone2 (614) 466-6825  +
Incentive/ContPlace Columbus, Ohio  +
Incentive/ContWebsite http://www.ohioairquality.org/  +
Incentive/ContZip 43215  +
Incentive/EnergyCat Renewable Energy Incentive Programs  + , Energy Efficiency Incentive Programs  +
Incentive/ImplSector State/Territory  +
Incentive/Name Advanced Energy Job Stimulus Program  +
Incentive/ProgAdmin Ohio Development Services Agency  +
Incentive/StartDate June 12, 2008  +
Incentive/StartDateString 2008-06-12  +
Incentive/Summary This bond-funded program creates an Advanc
This bond-funded program creates an Advanced Energy Job Stimulus Fund that is administered through a public process previously managed by the Ohio Air Quality Development Authority (OAQDA). Beginning in 2012, the program is managed by the Ohio Development Services Agency. The Program will award funds to a portfolio of advanced energy projects. These projects will serve to attract new investment to Ohio, build upon Ohio's manufacturing strength, advance energy technology development toward commercialization and prepare Ohio's workforce for the future. Detailed definitions of eligible advanced energy projects and renewable energy resources may be found in ORC 3706.25.<br> <br> '''Funding Categories'''<br> The $150 million advanced energy money (over three years) seeks to increase the development, production and use of advanced energy technologies in the state, and is divided in the following manner:<br> • $66 million for clean coal technology projects administered through OAQDA’s Ohio Coal Development Office (OCDO) (reviewed by the Technical Advisory Committee and approved by OAQDA); and<br> • $84 million for non-coal-related projects in three $28 million annual appropriations administered by OAQDA (reviewed by the Development Finance Advisory Council, approved by the OAQDA and brought before Controlling Board for final approval). <br> '''Project Financing'''<br> OAQDA provides financing via conduit bonds for a broad range of projects involving the purchase, construction and/or installation of air quality facilities by businesses and other entities. '''It is important to note that this program provides forgivable and non-forgivable loans ONLY. The Ohio Constitution does not allow grant awards for this program.''' All OAQDA financing instruments are conduit bonds that:<br> • May be exempt or non-exempt from federal income tax.<br> • Enjoy 100 percent lifetime exemption from state income tax, real property, sales and use taxes.<br> • Are based on a credit analysis of the benefiting party and must identify the revenue sources that cover principal and interest payment.<br> <br> As a general guideline, awards will range from approximately $50,000 to $2 million, based on size and scope and on jobs, investments and other impacts and may be considered for higher awards if outstanding potential value is demonstrated. Additionally, five percent of the fund may be set aside for small awards (generally in the range of $50,000) to support disruptive technologies with significant potential for success, even if they are in earlier stages of development. For more information about OAQDA project financing, please visit the [http://www.ohioairquality.org/advanced_energy_program/completed_projects.asp OAQDA web site].<br> <br> For highly qualified applicants, loans could be structured a number of ways including below market rates, subordinate collateralized positions with participating financial institutions and/or varying principal payments for a specified period of time. It should be noted that projects receiving assistance through this program may be subject to [http://www.com.ohio.gov/laws/ Ohio prevailing wage requirements]. Applicants should review these guidelines carefully.
should review these guidelines carefully.  +
Incentive/TechDsc Heat recovery + , Solar Water Heat + , Solar Space Heat + , Solar Thermal Electric + , Solar Thermal Process Heat + , Photovoltaics + , Landfill Gas + , Wind + , Biomass + , Hydroelectric energy + , Geothermal Electric + , Fuel Cells + , CHP/Cogeneration + , Anaerobic Digestion + , Fuel Cells using Renewable Fuels + , Energy Storage + , Nuclear +
Incentive/Type Industry Recruitment/Support +
OpenEI/PageDescription Advanced Energy Job Stimulus Program: energy incentive program.  +
OpenEI/PageKeyword Energy Incentives  + , Ohio  + , Industry Recruitment/Support  + , Ohio Development Services Agency  +
Place Ohio +
Website http://www.ohioairquality.org/advanced_energy_program/  +
Categories Financial Incentive Programs , Pages with reference errors , Incentive with Contacts , Incentive with Authorities
Modification date
"Modification date" is a predefined property that corresponds to the date of the last modification of a subject and is provided by Semantic MediaWiki.
17:40:21, 12 February 2015  +
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