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It depends on the purpose of the loan program.
If it is to encourage firms to implement pollution prevention strategies
and you have limited dollars, this project would be toward the bottom of my
list. My reasons would be: it is indirect since the pollution prevention
occurs at the utility not at the site, it is not a new or innovative
approach, does only indirectly addresses a regulatory or environmental need and
there are alternative source of funds and programs which directly encourage
energy conservation. If you have to defend this as a P2 loan program
to the legislature as appropriate means to encourage P2 and this is the best you
could find I would be bothered.
If it is a more general small business loan program and
this is one of several ranking criteria, I would consider this a nominal P2
effort and check the box or give it a low passing
Personally, I would not because there are numerous other programs
available that provide financial assistance to improve building energy
That said, the Environmental Assistance loan program in
Minnesota provided a loan to a powder coating facility last year to help them
upgrade process equipment. A big part of the reason that loan was approved was
because of the energy efficiency improvements that would result, to go along
with the solid waste reduction that would result.
Pollution Prevention Specialist
Minnesota Pollution Control
On 1/25/06, David
appears that my question was so poorly written as to be unintentionally
loaded. Please let me retry.
Would you give a business a
pollution prevention loan to upgrade their