Greenworks Loan Fund Announced

On January 27, Mayor Nutter was joined in West Philadelphia by Councilwoman Jannie Blackwell,

Deputy Mayor Alan Greenberger, Jeremy Nowak President of The Reinvestment Fund, and Peter Longstreth President of PIDC to announce that $9.5 million will be available to small businesses in Philadelphia to improve the energy e…fficiency of their buildings and equipment.

The Mayor announced two sources of green funding for small businesses: $9 million in Greenworks Loans available in amounts from $100,000 to $1 million, and $500,000 in Greenworks Rebates available in amounts up to $10,000. The funding is a blend of Recovery funds from the Energy Efficiency and Conservation Block Grant and private capital from The Reinvestment Fund.

Applications for both Greenworks Loans and Greenworks Rebates are available now through the City’s Business Services Portal at http://www.phila.gov and at PIDC’s website at http://www.pidc-pa.org/DevelopmentOpportunities.asp.

An information session for businesses interested in applying for a Greenworks Loan will be held Friday, February 5th at 2:00 PM at PIDC, located on the 26th floor of 1500 Market Street (Centre Square West).

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