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NYSERDA to award $74M in new stimulus cash

Friday, July 31, 2009

The Business Review ( Albany )

Local governments, hospitals and public schools and universities can tap into $74 million in stimulus money to improve the energy efficiency of their buildings and upgrade vehicle fleets.

The money, announced Thursday, is available through competitive grants and will be administered by the New York State Research and Development Authority through the American Recovery and Reinvestment Act’s State Energy Program.

The program provides money for energy-efficiency improvements, installing renewable energy systems and buying alternative-fuel vehicles.

Projects will be selected based on energy and fuel savings, anticipated job creation/retention, emission reductions, location and project readiness.

Grants will be awarded regionally based on need, and will use a region’s unemployed population as a main determining factor.

The first round of applications is due Aug. 24.

Any remaining funds will be used in a second round, due Oct. 26.