Request for Proposals for Green Bonds Verification Services
2019 Annual Report: Investing In Our Environment, Building A Stronger Ohio
OAQDA Update on the COVID-19 Emergency
Notice on CAIP Program Guidelines & Public Comment
This is certainly not the summer we all anticipated with COVID-19, and I hope you are staying safe and healthy. As we continue to navigate these uncertain times, OAQDA remains committed to being a reliable community partner for local businesses. Even while teleworking to protect the public, our team continues to provide our high standard of customer service and is focused on providing financial assistance to businesses pursuing air quality projects. The programs we offer are valuable resources for businesses hit hard by the economic hardships brought on by COVID-19.
As you will read in our newsletter, we recently updated the eligibility requirements for small pollution control projects through the Clean Air Resource Center (CARC), which allows more Ohio small businesses to qualify. The eligibility details are outlined below.
In addition, we are pleased to introduce the Clean Air Improvement Program (CAIP). Our team has spent the last several months updating our guidelines for larger, more complex clean air projects seeking financial support. The newly formalized guidelines, approved by the board at the August meeting, allow for more transparency and accountability to better gauge the impact on Ohio’s air quality. The program is currently in the pilot stage with a comment period, so I look forward to hearing your feedback as you learn more about this new tool.
Ohio is ripe with opportunity – especially as we reopen businesses and operate in our new normal during this pandemic. It is more important than ever that we remain focused on enhancing our sustainability as a state. It is good for the environment, good for business and good for people. Let us know how we can help.
Be well and stay safe,
OAQDA approved guidelines for its new Clean Air Improvement Program (CAIP) at the Aug. 11, 2020 Authority meeting. The program supports air quality facility improvements statewide by providing financial support through its bond financing and related tax exemptions, including sales and use, real property, and bond interest income.
Qualified projects include, but are not limited to, the following:
· Whole building projects
· New construction component isolation
· Retrofit component isolation
· Renewable energy generation
· Criteria pollutant or greenhouse gas reduction
A reboot of the former Project Development and Financing Program, CAIP is now available for qualified projects that contribute to better air quality, are determined as air quality facilities by OAQDA under Chapter 3706 of the Ohio Revised Code, and meet the program guidelines. All approved projects must report their performance during the term of the bond financing.
Developers, businesses of all sizes, utilities, governments and institutions that qualify are welcome to submit an application by visiting OAQDA’s website at ohioairquality.ohio.gov. The program is in a pilot period, which is open to public comment and stakeholder input. Feedback is encouraged through March 2021. Please email firstname.lastname@example.org.
Coming soon: Join OAQDA for an educational webinar that further explains the details on the new program. More details will be provided in the coming weeks.
For small business owners, it can be challenging and time consuming to navigate environmental regulations and prioritize the costs associated with environmentally friendly upgrades to buildings and equipment. Through the Clean Air Resource Center (CARC), OAQDA makes clean air compliance easily accessible and affordable – advocating and providing financial assistance to help businesses comply with the Clean Air Act.
Recently, OAQDA made important updates to the CARC Small Business Assistance Fund, making it more accessible to Ohio small businesses.
Grants are now available for small businesses of up to 20 percent (a maximum of $20,000) of the total cost of their Clean Air Act compliance strategy. These funds can be used to reimburse legal fees, closing costs, authority fees and more. After reimbursement, the remainder of the grant may go toward paying the principal payment of the loan that provides the necessary capital to fund the air quality facility.
Interested small businesses may contact email@example.com for more information.
The Authority has helped create more than 800 jobs in the past five years alone for Ohio, boosting local economies while supporting advanced sustainable practices around air quality and energy efficiency.
Learn more by reading our 2019 Annual Report.
Also, be sure to stay up to date with OAQDA happenings by following us on Facebook, Twitter and LinkedIn.