Michigan Awarded Significant Recovery Act Grant.

11 May 2010

Vice President Biden recently announced that Michigan will receive a $30 million Recovery Act grant to “ramp up” energy efficiency retrofits in Michigan homes, businesses, and public buildings.  The $30 million for Michigan is the second largest award among the 25 Retrofit Ramp-Up grants awarded to states and communities throughout the U.S. under the Department of Energy’s Retrofit Ramp-Up initiative.  The DOE estimates that the initiative will save households and businesses about $100 million annually in energy bills, and leverage private-sector investments to create some 30,000 jobs across the country during the next three years.

The Michigan Retrofit Ramp-Up Initiative’s (MRRI) winning proposal was developed by a coalition of stakeholders, including state and local governments, the state’s electric utilities, and a number of other public and private sector partners.  The MRRI seeks to identify ways to increase demand for energy efficient buildings and technologies, help build a skilled energy-efficiency workforce, and assist lenders in making investments in energy efficiency in residential, commercial, industrial, and public buildings.

Among other areas, the MRRI plans to concentrate on three commercial centers along the Woodward Corridor in greater downtown Detroit (although the exact locations and boundaries of the centers have yet to be identified).  Private, public, and institutional businesses in these neighborhoods will have the option to choose among varying financial incentives and loan enhancements for energy efficiency upgrades.  If you own or operate a business along the Woodward Corridor, you should keep this on your radar. We will keep you updated as more information becomes available.

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