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Grants for Helping Businesses in Alternative Energy

Jun 4, 2008
Grants from the state or federal bodies are given to further a specific interest like a particular area economic development, or to invest in a particular area where research is needed or a particular industry which will help grow the state economy.

A clean environment is one such area where almost all the state governments are promoting businesses to invest in research and develop cleaner environment friendly technology for use of consumers or other consumer industries. To promote this the state governments have specific bodies set up like in the state of Pennsylvania it is called the Pennsylvania Energy Development Authority. If you need to check them out the website is the website of depweb from Pennsylvania state.

Most of the programs are focused towards helping businesses to invest in research and in turn expand the use of eco-friendly technologies which will help in saving energy costs, use alternatives, save the environment and also boost the economy.

Here is a look at the programs currently on offer in the State of Pennsylvania.

The total of $12.8 million is available for grants through the Pennsylvania Energy Development Authority (PEDA). Of this $11 million is for businesses and projects which are willing to relocate to the state and or have innovative or breakthrough projects for advanced energy. For those skeptics who say that grants are not there, here is some data to look at and ponder over. Beginning 2005, PEDA has given $31 million for projects that invest in clean technology projects.The name of the other two grants is Alternative Fuels Incentive Grants and the other one is Energy Harvest.

Along the same lines as Pennsylvania there are governments from the states of New York,Illinois,Massachussetts,North Carolina and a dozen other states that have institued the same models of grants and micro loans for the investment in cleaner environment technologies. Make sure that you visit the websites of each of the state governments to know more about these programs. Some require you move the businesses to their states and that can be a tricky situation for you. So evalaute your options and particpate in such programs.

In today's climate of ever changing aspects of energy rquirements,most of the governments are trying their best to improve the environment. Hence working for clean technology businesses is a priority for the goevrnments . Most governments have instituted a lot of special grants and loans for the companies that invest in newer fuel efficient businesses.

So before you think of applying for a grant make sure that you have gone through various states energy development programs and that may give that extra edge in your business.
About the Author
Amit writes about grants for small business in energy production area specifically and has a resource to put together information about grants for small business in consulting area.
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