Columbus ESID closes over $100 million in funding

On July 17, 2020, the Columbus Regional Special Improvement District (ESID)'s PACE financing program, administered by the Columbus-Franklin County Finance Authority, announced that they have now closed over $100 million in funding for local energy-related projects. Since 2015, the Columbus Regional ESID has provided a 32 percent average utility bill reduction and annual energy savings of $1.4 million in Franklin County. Congratulations to the ESID and Finance Authority teams, and a special congratulations to Jeremy Druhot for his hard work in making our local PACE financing program a nationally recognized success. For more, read the full press release.

Economic Development, Energy Efficiency, Financial Incentives, Project Finance

NOPEC grants fund Painesville Township energy efficiency improvements

Energy improvements including new air conditioners, furnaces, ceiling insulation and LED lighting in Painesville Township administrative and departmental buildings might not have been possible without Northeast Ohio Public Energy Council (NOPEC) grants, Township Administrator Michael Manary said in a recent News-Herald article. The township has received NOPEC grants, which “can be used strictly for energy improvements,” in 2018, 2019, and 2020, according to the article. Manary noted that two of Painesville’s three fire station were built in the 1960s and “have not had any significant investments in energy improvements” before the grant-funded projects; as a result of the improvements, utility bills have been decreasing over the past few years. For more, read the full article.

Energy Efficiency, Project Finance, State Updates

Columbus’s energy benchmarking ordinance is the first in Ohio

Officials in Columbus “are getting ready to help building owners comply with the state’s first energy benchmarking ordinance,” which will require those owners “to report data on building size, energy usage and utility bills,” reports. An EPA energy manager program will use that data to provide “Energy Star scores for energy and water usage,” according to the article. Stefan Schaffer, the Natural Resources Defense Council’s city strategist for the American Cities Climate Challenge, said the building sector “accounts for the majority of carbon emissions in Columbus,” at 58%. Cities that have adopted benchmarking policies have reported a 3% to 8% reduction in annual carbon emissions two to four years after implementation. For more, read the full article.

Energy Efficiency, Environmental, State Updates

Dayton manufacturer’s $3M expansion includes PACE financing

Tomco Machining, a producer of tubular assemblies for commercial and military clients, is “on track to finalize a nearly $3 million project by mid-May,” which will enable them to expand their workforce, the Dayton Business Journal reports. The company’s new 24,000 square-foot building “will be about 70% larger” than its existing facility, which had no space to add new equipment, owner Jim Tomasiak said in the article. The Dayton-Montgomery County Port Authority authorized “a little under $1 million” in Property Assessed Clean Energy (PACE) financing for the project, which “incorporates several energy-efficient design elements, including high-efficiency insulation, HVAC, efficient lighting and solar panels.” For more, read the full article.

Energy Efficiency, Project Finance

What 2020 could look like for C-PACE financing

After Commercial Property Assessed Clean Energy (C-PACE) financing had “its best year ever” in 2019 with approximately $677 million in investments, this year “was shaping up to be the strongest yet” for the program before the COVID-19 pandemic, reports. Cliff Kellogg, executive director of C-PACE Alliance, “a network of C-PACE industry stakeholders,” said in the article it’s “too difficult to predict how the volume will compare to last year.” Two of the largest C-PACE lenders, Petros PACE Finance and Greenworks Lending, agree. Mansoor Ghori, co-founder and CEO of Petros, noted, “banks may pull back a little bit on lending and create more space in the capital stack for C-PACE to fill in some of the gaps.” Kellogg also noted that C-PACE investments will increase because “more states are approving enabling legislation.” Ohio has had the second highest amount of C-PACE financing activity, with a total of about $224.5 million. For more, read the full article.

Economic Development, Energy Efficiency, Project Finance, State Updates

ESID will allow $30M Traditions of Lebanon facility to use PACE financing

Lebanon City Council and the Warren County Port Authority established an energy special improvement district (ESID) that will allow a retirement community developer to use Property Assessed Clean Energy (PACE) financing, the Journal-News reports. Leo Brown Group is expected to use nearly $7.9 million of PACE financing through Petros PACE Finance Trust to fund construction of the Traditions of Lebanon 170,000-square-foot senior living community, according to the article. Energy savings “are anticipated from HVAC improvements, LED lighting, energy-efficient windows and doors and the ‘building envelope.’” For more, read the full article.

Economic Development, Energy Efficiency, Project Finance, State Updates

Cincinnati firm awarded $6M in state financing for nursing facility construction

The Ohio Air Quality Development Authority approved Blue Ash-based Clermont Health Realty for up to $6 million in bond financing for construction of a skilled nursing facility, the Cincinnati Business Courier reports. Clermont Health Realty “plans to build a 113-bed skilled nursing facility” that “will include LED lighting, energy efficient windows, a white reflective roof, a variable refrigerant flow HVAC system,” solar panels and other energy-saving features. The facility, which will include rehabilitation and assisted living spaces, will have 150 full-time positions. For more, read the full article.

Economic Development, Energy Efficiency, Project Finance, Renewable Energy, State Updates

GM bringing innovative processes to planned battery-cell plant

General Motors “is looking for 100 percent renewable energy” in its planned $2.3-billion Lordstown battery-cell plant, and will implement innovative processes in line with the company’s “sustainability strategy and all-electric future,” The Vindicator reports. More than half of the plant’s main 2.5-million-square-foot building will be “considered a ‘clean room’ with low humidity to assemble the cells,” according to the article. Plant manager Tom Gallagher said plans include “a green infrastructure that includes how we construct the building all the way through how it’s operated to be really the lowest number of resources used to operate the facility. . . . how we are going to capture and reuse will be in line from how we produce the cell all the way through its production, and any kind of byproducts will be retained and recycled and reused where they can be.” For more, read the full article.

Energy Efficiency, Renewable Energy, State Updates

PACENation 2020 Annual Summit coming to Columbus

PACENation, a national trade association providing education, advocacy and resources for PACE financing, selected Columbus, Ohio, as the site of its 2020 Annual Summit, which will be held March 30-April 1. Bricker is on the Host Committee and is a conference sponsor, and we welcome our public sector, development and energy colleagues to attend. Registration is available online via the conference event page.  

Energy Efficiency, Financial Incentives, Renewable Energy, State Updates

Team NEO, Ohio Economic Development Association and Bricker & Eckler to host an event focused on strengthening communities

Team NEO, Ohio Economic Development Association (OEDA) and Bricker & Eckler will host a half-day economic development conference, Thursday, January 16, 2020, 7:30 a.m. - 1:00 p.m., at Corporate College East in Warrensville Heights, Ohio. The conference will include presentations, panel and roundtable discussions on the importance of having a strategic plan, competitive-ready communities and innovative economic development tools. Lt. Governor Jon Husted will provide keynote remarks during lunch.

Economic Development, Energy Efficiency, Financial Incentives
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