Guide to Financial Resources for
Eco-Industrial Parks
Foreword
The Eco-Industrial Park (EIP) concept is one that encompasses both the economy and the environment by bringing together different sectors of industry to work toward an environmentally sound industrial park. In cooperative efforts firms save energy, reduce industrial waste, and increase resource efficiency, thereby aiding the environment and reducing costs in the long run. The problem that many proposed sites have faced thus far is how to get funding to make the parks a reality. The following guide was created to inform EIP practitioners about available funding resources.
The resources outlined in this guide are: federal project funds, socially responsible investment groups, environmental financing groups, environmental organizations, and valuable contacts in sustainable development and the banking industry. Also provided is a list of on-line databases that have links to resources for financing environmental and economic development projects. Guidebooks linked to these on-line sites have served as a search engine for this EIP financial resource guide. Thus, many of the financial resources provided in these on-line guides exist within this guidebook. It should be noted, however, that the enormity of relevant information from the on-line guides is beyond the scope of this publication. In addition, much of the information published online is frequently updated so some of the information in this guide may be outdated. Additional searching may be necessary to find the funds that meet your needs.
Although most of the resources outlined are federal or national programs, other assistance is available from regional, state, and local programs. Examples include local chambers of commerce, state and local governments, local environmental groups, and private corporations. This guide is arranged according to: project grants, direct loans, environmental organizations, environmental finance groups, environmental financial resources in sustainability, socially responsible investment groups, banks and credit unions with socially responsible funds, and on-line databases.
Most funds are not specifically earmarked for eco-industrial parks. However, the eco-industrial park agenda is closely related to the aims of projects such as brownfields initiatives, enterprise communities, urban infill initiatives, and initiatives specific to certain geographical regions. By incorporating the EIP agenda into these projects, a site could further enhance the positive environmental impact of the project, qualify for funding that is already available, and possibly attract more investors and stakeholders.
This guide was created by Kim Somma, Elizabeth Howard, Margaret Van der Wilt and Lindsay Young,
through the University of Virginia Externship Program with US EPA. We will appreciate your
comments on this Guide to Financial Resources for Eco-Industrial Parks. Please direct them to Suzanne
Giannini-Spohn at:
Office of Policy Development
401 M Street, SW
Washington, DC 20460(202) 260-7568
Fax: (202) 260-0174E-mail: giannini-spohn.suzanne@epa.gov
Table of Contents
Federal Agency Grants
Department of Commerce
- Economic Development Public Works Impact Program
- Economic Development Support for Planning Organizations
- Economic Development Technical Assistance
- Public Works and Development Facilities Program
Department of Energy
- Energy Research and Development
- National Industrial Competitiveness through Energy,Environment, and Economics (NICE3)
- Regional Biomass Energy Program
- Conservation Research and Development
Environmental Protection Agency
- Pollution Prevention Grants Program
- Sustainable Development Challenge Grants Program
- Brownfields Pilots
Federal Agency Loans
Environmental Organizations
Environmental Finance Groups
Environmental Funds
National Resources in Sustainability Contacts
Socially Responsible Investment Groups
Banks and Credit Unions with Socially Responsible Funds
On-Line Databases
Federal Agency Grants
Department of Commerce
| Project Fund | Economic Development Public Works Impact Program (PWIP) |
| Federal Agency | ECONOMIC DEVELOPMENT ADMINISTRATION
DEPARTMENT OF COMMERCE |
| Type of Fund | Project Grant |
| Objectives | To assist severely distressed communities and neighborhoods, promote long-term economic development, and assist in providing immediate and useful work for unemployed and underemployed persons in project area. Note: Eligible applicants are the same as for the regular PW program. |
| Application | The Economic Development Representative (EDR) assigned to the State or otherappropriate EDA Official will meet with applicants and community leaders to determine whether a proposal should be prepared. An applicant should consult the office or official designated as the Single Point of Contact in his or her State for more information on the process the State requires to apply for assistance, if the State has selected the program for review. The EDR or other EDA Official will provide necessary forms and provide guidance for completing the application. |
| Deadlines | Generally, within 30 days after a formal application has been invited |
| Requirements | On average, EDA PWIP grants cover approximately 80% of project costs. |
| Length of Assistance | Normally 12-15 months. |
| Range of Assistance | $97,200 to $1,000,000 in FY 1997; Average=$580,500 |
| Contacts | David L. McIlwain, Director,
Public Works Division, Economic Development Administration Herbert C. Hoover Building - Room H7326 Washington, DC 20230 (202) 482-5265 |
| Funded Programs | Renovation of publicly-owned buildings for industrial or commercial use, repairing industrial streets and roads, and construction of needed community facilities.Construction must begin within 90-120 days after grant award and must be substantially completed within 12 months after start of construction. |
| Project Fund | Economic Development Support for Planning Organizations |
| Federal Agency | ECONOMIC DEVELOPMENT ADMINISTRATION, DEPARTMENT OF COMMERCE |
| Type of Fund | Project Grant |
| Objectives | To assist in providing administrative aid to multi-county Economic Development Districts, and Redevelopment Areas to establish and maintain economic development planning and implementation capability and thereby promote effective utilization of resources in the creation of full-time permanent jobs. |
| Application | Submission of letter of interest and proposed work program to the Economic Development Administration (EDA) Regional Office serving the area. The standard application forms as furnished by the Federal Agency and required by 15 CFR, Part 24, "Grants and Cooperative Agreements to State and Local Governments" must be used for this program. The application is submitted through an EDA Representative to the appropriate Regional office. |
| Deadlines | Deadlines are published in the Federal Register |
| Requirements | A minimum of 25% of total project cost must be obtained from nonfederal sources. This may be in the form of cash and/or in-kind contributions. |
| Length of Assistance | Funds are released in two payments over the course of the grant period, which is normally one year. |
| Range of Assistance | $25,000 to $113,000; average=$54,000 |
| Contacts | Headquarters Office:
Luis F. Bueso, Director Planning and Development Assistance Division, Economic Development Administration Herbert C. Hoover Building - Room H7319 Washington, DC 20230 (202) 482-2873 |
| Funded Programs | Not applicable |
| Project Fund | Economic Development Technical Assistance |
| Federal Agency | ECONOMIC DEVELOPMENT ADMINISTRATION,
DEPARTMENT OF COMMERCE |
| Type of Fund | Project Grant |
| Objectives | EDA operates a technical assistance program to promote economic development and alleviate underemployment and unemployment in distressed areas.
The program provides funds to:
|
| Application | Applicants should submit proposals following the format specified in 13 CFR 304, through an Economic Development Representative to the appropriate EDA regional office. Applicants whose proposals are selected for further consideration will be given formal instructions and all application materials. |
| Deadlines | Deadlines are published in the Federal Register |
| Requirements | Technical assistance grantees generally must contribute 25% or more of the total project cost in cash or in-kind services. |
| Length of Assistance | Length varies, but generally for a period of 1 year |
| Range of Assistance | Local TA: $5,000-$40,000
National TA: $50,000-$200,000 University Center: $75,000-$120,000 |
| Contacts | Initial contact should be with EDA Representatives for local and University Center projects
National TA: Local TA and University Centers: |
| Funded Programs | Many local technical assistance projects help to determine the feasibility of various economic development projects such as industrial parks or business incubators. The National technical assistance projects are selected from the proposals submitted in response to the RFP published annually in the Federal Register. The subject areas for the RFP change annually. The network of University Centers help communities and non-profit organizations with economic development planning and project analysis or assist private firms with technology transfer. |
| Project Fund | Public Works and Development Facilities Program |
| Federal Agency | ECONOMIC DEVELOPMENT ADMINISTRATION,
DEPARTMENT OF COMMERCE |
| Type of Fund | Project Grant |
| Objectives | To help distressed communities attract new industry, encourage business expansion, diversify local economies, and generate long-term, private sector jobs. An applicant may be a state, political subdivision of a state, Indian tribe, special-purpose unit of government, a public or private nonprofit organization or an association representing the RA or part thereof. |
| Application | Complete funding availability information appears annually in the Federal Register. Eligible applicants should contact the Economic Development Representative (EDR) or other appropriate EDA regional official for the area. The contact will describe the program and provide guidance on preparing a proposal for EDA's consideration. EDA screens proposals before deciding whether to invite formal applications. |
| Deadlines | To find information about deadlines consult the EDA Representatives Headquarters Office. |
| Requirements | Priority consideration shall be given to projects that: * improve opportunities of industrial or commercial facilities * assisting in creating employment opportunities that do not draw from other labor market areas * fulfill a pressing need of the area * demonstrate adequate local funding, with evidence that such support is committed * benefit the long term unemployed and low income families of those residing in the area served by the park |
| Length of Assistance | Grants are given each year but actual length of assistance is unknown. |
| Range of Assistance | The average fiscal year grant for 1996 was $1,049,752
Amount of assistance is determined through the project screening. |
| Contacts | Initial contact should be with EDA Representatives
Lewis Podolske, Acting director
|
| Funded Programs | Water and sewer facilities primarily serving industry and commerce, access roads to industrial parks or sites, port improvements, and business incubator facilities. |
Department of Energy
| Project Fund | Energy Research and Development |
| Federal Agency | OFFICE OF ENERGY EFFICIENCY AND RENEWABLE ENERGY
DEPARTMENT OF ENERGY |
| Type of Fund | Project Grant |
| Objectives | To conduct balanced research and development efforts in the following energy technologies; solar buildings, photovoltaics, solar thermal, biomass, alcohol fuels, urban waste, wind and geothermal. Grants will be offered to develop and transfer to the nonfederal sector various renewable energy technologies. |
| Application | Unsolicited proposals are to be submitted in accordance with DOE "Guide for the Submission of Unsolicited Proposals." |
| Deadlines | None |
| Requirements | Cost-sharing is encouraged |
| Length of Assistance | Assistance is available from two months to one year |
| Range of Assistance | $10,000 to $100,000 |
| Contacts | Energy Efficiency and Renewable Energy Program
Office of Building Technologies, Residential, Commercial and Institutional Buildings Washington, DC (202) 586-1660 Beatrice Cunningham Office of Industrial Technologies (202) 586-0098 |
| Funded Programs | example: the American Institute of Architects Foundation received funding for solar building technology research and development needs. |
| Project Fund | National Industrial Competitiveness through Energy,Environment, and Economics (NICE3) |
| Federal Agency | OFFICE OF ENERGY EFFICIENCY AND RENEWABLE ENERGY, DEPARTMENT OF ENERGY |
| Type of Fund | Project Grant |
| Objectives | To generate new processes and/or equipment that can significantly reduce generations of high-volume wastes and green house gasses in industry and conserve energy and energy-intensive feedstocks. DOE is soliciting projects that will:
* encourage accelerated industrial demonstration, deployment and dissemination of energy efficiency and cleaner production technologies * implement efficiency improvements in processes, material inputs, and waste streams * demonstrate successful industrial applications of innovative cleaner production techniques in conjunction with energy-efficient technologies * target technologies, processes and procedures that are transferable to a broad range of applications within and across industrial sectors * identify and develop strategies to overcome barriers that currently inhibit energy efficiency or cleaner production techniques and practices in business and industry |
| Application | Proposals must be submitted in five copies (original plus four) to the cognizant DOE support office. |
| Deadlines | Applications are due 60 days after the issuance of the Program Announcement. Call the contact on how to obtain an application. |
| Requirements | Federal funds will be awarded to States that can match DOE Federal funds at 45% DOE and 55% industry with some combination of State and industrial partner monies. State interest and funding are required for a proposal to be eligible for grant consideration. |
| Length of Assistance | Projects may cover a period of up to three years with funding released subject to work progress |
| Range of Assistance | $69,000 to $425,000 |
| Contacts | Lisa Barnett
DOE Headquarters 1000 Independence Avenue SW. Washington, DC 20585 (202) 586-2212 E-mail: Lisa.Barnett@hq.doe.gov Web Site: http://www.eren.doe.gov/buildings |
| Funded Programs | example: the State of New York developed a three step approach to identify optimal volatile organic compound control strategies for industrial facilities |
| Project Fund | Regional Biomass Energy Program |
| Federal Agency | OFFICE OF ENERGY EFFICIENCY AND RENEWABLE ENERGY,
DEPARTMENT OF ENERGY |
| Type of Fund | Project Grant |
| Objectives | Build State and municipal capacity for accelerating technology deployment,in partnership with industry, and provide assistance in outreach, public education and behavior modification activities. |
| Application | The standard application forms as furnished by the Federal agency and required by OMB Circular No. A-102 must be used for this program. Unsolicited proposals should be submitted in accordance with DOE "Guide for the Submission of Unsolicited Proposals." |
| Deadlines | None |
| Requirements | Cost-sharing is encouraged and is a factor in the award decision process |
| Length of Assistance | Assistance is available from two months to one year |
| Range of Assistance | Varies depending upon region and degree of cost-sharing |
| Contacts | Mike Voorhies
Department of Energy Office of National Programs 1000 Independence Ave., SW Washington, DC 20585 (202) 586-1480 fax: (202) 586-1605 Web Site: http://rredc.nrel.gov/biomass/doe/rbep/ |
| Funded Programs | Northeast, Northwest, Southeast Great Lakes and Western Regional Biomass Energy Programs. |
| Project Fund | Conservation Research and Development |
| Federal Agency | OFFICE OF ENERGY EFFICIENCY AND RENEWABLE ENERGY, DEPARTMENT OF ENERGY |
| Type of Fund | Project Grant |
| Objectives | To conduct a balanced long-term research effort in the areas of buildings, industry, and transportation. Grants will be offered to develop and transfer various energy conservation technologies to the nonfederal sector. |
| Application | Unsolicited proposals are to be submitted in accordance with DOE "Guide for the Submission of Unsolicited Proposals." |
| Deadlines | None |
| Requirements | Cost-sharing is encouraged |
| Length of Assistance | Assistance is available from two months to two years |
| Range of Assistance | $50,000 to $500,000 |
| Contacts | Headquarters Office:
Energy Efficiency and Renewable Energy Program Office of Building Technologies, Residential, Commercial and Institutional Buildings Washington, DC (202) 586-0098 Gloria Elliott
|
| Funded Programs | Research on high performance heat pumps, thermally efficient commercial buildings, and research on industrial separation processes. |
Environmental Protection Agency
| Project Fund | Pollution Prevention Grants Program |
| Federal Agency | OFFICE OF PREVENTION, PESTICIDES AND TOXIC SUBSTANCES ENVIRONMENTAL PROTECTION AGENCY |
| Type of Fund | Project Grant |
| Objectives | To support State and local pollution prevention programs that address the reduction or elimination of pollutants across all environmental media: air, land, and water. |
| Application | The Standard Form 424, 424A and other forms as provided by the Environmental Protection Agency must be used for the program. Requests for information should be made to the EPA Regional Office. |
| Deadlines | Vary according to each EPA Regional Office |
| Requirements | Organizations awarded under this program will be required to contribute at least 50% of the total cost of their project (either in dollars or in-kind goods/services). |
| Length of Assistance | Grants are awarded for a project period not to exceed three years. |
| Range of Assistance | $20,000 to $200,000 |
| Contacts | Headquarters Office:
Pollution Prevention Division Office of Pollution Prevention and Toxics U.S. Environmental Protection Agency 401 M Street, SW (7409) Washington, DC 20460 (202) 260-3480 fax: (202) 260-0178 |
| Funded Programs |
*Environmental projects integrating Pollution Prevention into State regulatory
programs
*Promote partnering among environmental and business assistance providers *Advance state's environmental goals |
| Project Fund | Sustainable Development Challenge Grants Program |
| Federal Agency | US ENVIRONMENTAL PROTECTION AGENCY |
| Type of Fund | Project Grant |
| Objectives | This competitive grant program was initiated in FY 96 to encourage community, business, and government to work cooperatively to develop flexible, locally-oriented approaches that link place-based environmental management and quality of life with sustainable development and revitalization. |
| Application | Solicitation will be published in the spring of 1998 for this program. Project grants are offered on a yearly fiscal basis. Submit to:
Ms. Pamela A. Hurt
|
| Deadlines | Upon publication of the Federal Register Notice, applicants will have three months to prepare their proposals. |
| Requirements | The program requires a non-federal match of at least 20% of the total request. The match can come from a variety of public and private sources and can include in-kind services. |
| Length of Assistance | Funded projects are expected to be structured for a period of 1 to 3 years. |
| Range of Assistance | In 1997, applicants competed for funding in two categories:
(1) up to $50,000
* 5 million dollars in was given for funding in 1998. |
| Contacts | Pamela Hurt
US Environmental Protection Agency (1503) Sustainable Development Challenge Grant Program 401 M. Street, SW Washington, DC 20460 fax: (202) 260-2555 |
| Funded Programs | Refer to web page at Web Site: http://www.epa.gov/ecocommunity for a list of funded programs. |
| Project Fund | Brownfields Pilots |
| Federal Agency | OFFICE OF SOLID WASTE AND EMERGENCY RESPONSE
ENVIRONMENTAL PROTECTION AGENCY |
| Type of Fund | Project Grant |
| Objectives | Brownfield sites are abandoned, idled, or under-used industrial and commercial facilities where expansion or redevelopment is complicated by real or perceived environmental contamination. The program objectives are: (1) develop administrative, managerial, and technical models to assist States or political subdivisions thereof or Indian Tribes establish self-sustaining independent processes to assess and respond to environmental conditions inhibiting redevelopment of brownfield sites including development of creative financing solutions for brownfield problems; (2) provide opportunities for creative two- year demonstrations of site assessment activities leading to actions to respond to environmental contamination and return "brownfield" sites to productive use; and, (3) provide financial assistance for capitalization of revolving loan funds for followup brownfield response actions. |
| Application | EPA Form 500/F/96/067 should be requested from and the completed form submitted to the Office of Solid Waste and Emergency Response (OSWER), Outreach and Special Projects Staff (5101), EPA, 401 M Street, SW., Washington, DC 20460. Regional Pilot applications may be submitted to the appropriate EPA Brownfield Coordinators. |
| Deadlines | Variable deadlines have been set in the past due to the selection of groups of pilots. Deadlines for the future selection of pilots will be made through Federal Register notice. |
| Requirements | Applicants and recipients must be States and political subdivisions, Commonwealths, and U.S. Territories and Possessions, and Federally Recognized Indian Tribal Governments. Generally, eligibility for funding for capitalization of revolving loan programs is limited to recipients of cooperative agreements who have completed or substantially completed Brownfield pilot assessment projects. |
| Length of Assistance | Brownfield pilot funds are awarded for a two-year period. Pilot cooperative agreements will be extended by amendment to fund capitalization of revolving loan funds as necessary. |
| Range of Assistance | (1) No more than $200,000 per pilot over a 2-year period; and, (2) No more than $350,000 per previously awarded pilot. |
| Contacts | Linda Garczynski
>Director, Outreach and Special Projects Staff Office of Solid Waste and Emergency Response US EPA (5101) Washington, DC 20460. Phone: (202) 260-1223. E-mail: garczynski.linda@epa.gov |
| Funded Programs | Developing inventory of Brownfield sites; development of site response and reuse program; coordination of response and reuse group meetings; establishment of community involvement, public participation, environmental justice components of a response plan; development of communication strategies for conveyance of technical information to communities; and investigation of alternative funding strategies. |
Department of Housing and Urban Development
| Project Fund | Economic Development Initiative |
| Federal Agency | DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT |
| Type of Fund | Project Grant |
| Objectives | To help public entities eligible under the Section 108 Loan Guarantee program carry out economic development projects authorized by Section 108(a) of the Housing and Community Development Act of 1974. |
| Application | Proposals may only be submitted in response to competitions announced in a Federal Register publication. The Federal Register publication of a Notice of Funds Availability (NOFA) will detail each competition, the submission requirements and the competitive factors that will be considered in awarding grants. |
| Deadlines | Applications must be submitted within the deadlines established in the published Federal Register NOFA. |
| Requirements | Economic Development Initiative grant funds may only be used in conjunction with projects and activities assisted under the Section 108 Loan Guarantee Program. |
| Length of Assistance | Projects are funded for one to two years. |
| Range of Assistance | Up to $4,600,000 |
| Contacts | Headquarters Office: Financial Management Division
Office of Block Grant Assistance, Community Planning and Development 451 7th Street, SW Washington, DC 20410 (202) 708-1871 |
| Funded Programs | A wide range of economic development projects including commercial, industrial, and economic development loan funds. |
| Project Fund | Empowerment Zones Program |
| Federal Agency | COMMUNITY PLANNING AND DEVELOPMENT,
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT |
| Type of Fund | Project Grant |
| Objectives | The purpose of this program is to provide for the establishment of Empowerment Zones and Enterprise Communities in urban areas, to stimulate the creation of new jobs, particularly for the disadvantaged and long-term unemployed, and to promote revitalization of economically distressed areas. |
| Application | One or more local governments and the State or States in which an urban area is
located may nominate such area for designation as an Empowerment Zone and/or as an Enterprise Community if:
* The urban area meets the requirements for eligibility * The urban area is within the jurisdiction of a State or States and local government that have the authority to nominate the urban area for designation as an EZ/EC * All information furnished by the nominating State and local government is determined by the Secretary to be reasonably accurate * The State and local government certifies that no portion of the area nominated is already included in an Empowerment Zone or Enterprise Community or in an area otherwise to be designated under this program |
| Deadlines | Applications must be received by the deadline established by the Secretary of Housing and Urban Development. |
| Requirements | None |
| Length of Assistance | The designation of an urban area as an Empowerment Zone or Enterprise
Community shall remain in full effect during the period beginning on the date of
designation and ending on the earliest of:
* The close of the tenth calendar year beginning on or after the date of designation * The termination date designated by the State and local governments in their application for nomination * The date the Secretary modifies or revokes the designation |
| Range of Assistance | Undetermined |
| Contacts | All HUD Field offices with a Community Planning and Development Division,
ATTN: Director of Community Planning and Development Office of Community Planning and Development, Housing and Urban Development 451 7th Street, SW Washington, DC 20410 (202) 401-2020 *1-800-998-9999 this number has been established to answer questions and make referrals for information concerning eligibility criteria, the application process, technical assistance and workshops |
| Funded Programs | Not Applicable |
| Project Fund | Joint Community Development Program |
| Federal Agency | OFFICE OF POLICY DEVELOPMENT AND RESEARCH,
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT |
| Type of Fund | Project Grant |
| Objectives | To assist institutions of higher education, working in concert with State and local governments, to undertake activities eligible under the Community Development Block Grant (CDBG) Program. |
| Application | Applicants will respond to competitive requirements contained in a Notice of Funding Availability (NOFA) published in the Federal Register and detailed application requirements contained in Request for Grant Application (RFGA) Kits available with each NOFA competition. |
| Deadlines | Deadlines will be announced in each NOFA publication |
| Requirements | None |
| Length of
Assistance |
Projects have generally been funded to operate three years |
| Range of
Assistance |
Indicated in each NOFA |
| Contacts | For application kits, contact:
HUD USER PO Box 6091 Rockville, MD 20849 1-800-245-2691 for answers to technical questions, contact:
|
| Funded Programs | Yale University, in partnership with the City of New Haven, is receiving $2,400,000 to implement a program of economic development, human development, and neighborhood revitalization in the Dwight-Edgewood-West River neighborhood, an Enterprise Community. |
Federal Agency Loans
Department of Agriculture
| Project Fund | Business and Industrial Loans |
| Federal Agency | RURAL BUSINESS-COOPERATIVE SERVICE,
DEPARTMENT OF AGRICULTURE |
| Type of Fund | Direct Loan; Guaranteed/Insured Loan |
| Objectives | To assist public, private or cooperative organizations in rural areas to obtain quality loans for the purpose of improving, developing or financing business, industry, and employment and improving the economic and environmental climate in rural communities including pollution abatement and control. |
| Application | Form FmHA 449-1 is used for direct loans and 4279-1 is used for guaranteed loans and filed at the Rural Development State Office. |
| Deadlines | None |
| Requirements | Feasibility studies are normally required |
| Length of
Assistance |
The letter of conditions for direct loans, or conditional commitment for guaranteed loans specifies the time limit for the use of funds. |
| Range of
Assistance |
Up to $10,000,000 |
| Contacts | Headquarters Office: Rural Business-Cooperative Service
Department of Agriculture Washington, DC 20250-0700 (202) 690-4730 *Consult your local telephone directory for appropriate Rural Development State Office |
| Funded Programs | Direct loans made by the Agency or loans made by lending institutions have been guaranteed in order to assist the raising of capital by a wide variety of manufacturing, retail, wholesale, and service businesses. |
| Project Fund | Intermediary Relending Program |
| Federal Agency | RURAL BUSINESS-COOPERATIVE SERVICE
DEPARTMENT OF AGRICULTURE (USDA) |
| Type of Fund | Direct Loan |
| Objectives | To finance business facilities and community development |
| Application | Potential intermediaries should file applications with: USDA Rural Development State Office |
| Deadlines | None |
| Requirements | RBS funds loaned to one ultimate recipient by an intermediary must not exceed 75% of the cost of the ultimate recipientís project. |
| Length of
Assistance |
Applicant intermediaries must show a need for the funds and generally
Assistance should limit the request to an amount they can expect to use within one year. |
| Range of
Assistance |
$250,000 to $2,000,000 |
| Contacts | Headquarters Office
Wayne Stansbery Rural Business-Cooperative Service, Specialty Lenders Division Stop 1521, Room 6412 1400 Independence Ave., SW Washington, DC 20250-1521 (202) 72001400 |
| Funded Programs | Loans to nonprofit corporations, public agencies, Indian tribes, or cooperatives, to relend to businesses within a State, or several counties within more than one State. |
Environmental Organizations
These are member and nonmember organizations and trade unions that are committed to improving the environment. They provide many resources for environmental projects and programs, such as supplying seed money, grants, lobbying, technical support and investment guides. They serve as good initial contacts and can help to direct environmental programs leaders to additional sources of funding and other resources.
American Bankers Association
ABA represents the commercial banking industry. ABA seeks to enhance the role of commercial banks as preeminent providers of financial services through outreach, research, legal action, lobbying Federal legislative and regulatory bodies, and education and training programs. ABA has numerous publications that are available to the public. In addition, ABA is working to achieve clarification for lenders and communities on liability issues in connection to brownfields.
1120 Conneticut Ave., NW
Washington, DC 20036
(800) 338-0626
(202) 663-5000
Center for Ecoliteracy
Dedicated to fostering ecological literacy (the understanding and practice of the principals of ecology) through educational activities and grant-giving programs. Believes that the greatest challenge of our time is to create sustainable communities and that there are lessons to be learned from ecosystems.
2522 San Pablo Ave.
Berkeley, CA 94702
(510) 845-4595
fax: (510) 845-1439
Community Economic and Ecological Development
Promotes regenerative land use and local economic self-reliance. Plans to develop a rural revitalization and model sustainable community demonstration project.
P.O. Box 5724
Santa Fe, NM 87502
Mortgage Bankers Association of America
MBA communicated industry positions to regulatory agencies, Congress, and the media on behalf of its member firms and affiliated organizations. Professionals at more than 600 MBA member companies are involved with financing investment real estate nationwide. MBA acts as a clearinghouse where Federal and State regulatory officials may contact capital sources engaged in financing all types of commercial real estate and brownfields redevelopment.
1125 15th Street, NW
Washington, DC 20005
(202) 861-6500
National Council for Urban Economic Development
CUED promotes public and private participation in global economic development and provides information on job creation, attraction and retention to members to build local economies. CUED recognizes the potential for redevelopment of brownfields sites but acknowledges the liability provisions of environmental laws which discourage private investment. CUED has made efforts to minimize these risks and guide private investors through the redevelopment process.
1730 K Street, NW Suite 700
Washington, DC 20006
(202) 223-4735
National Federation of Community Development Credit Unions
Organization of credit unions serving low-income communities. Committed to representing the concerns of community development credit unions. Provides financial and technical resources and raises capital for deposit in credit unions.
120 Wall Street, 10th Floor
New York, NY 10005
(800) 437-8711
(212) 809-1850
Urban Initiatives
Interdisciplinary organization of professionals committed to improving the quality of the built environment. Provides direct assistance in urban problem-solving and conducts research and communication on urban environmental issues. Assists federal, state and city governments, corporations, industry, community groups, and other environmental professions. Expertise in downtown and neighborhood development strategies, evaluation of plans for the design and use of urban areas and institutional and financial mechanisms for urban improvements.
530 W. 25th Street
New York, NY 10001
(212) 620-9773
World Environment Center
Works to strengthen industrial and urban environmental, health, and safety policies by establishing and promoting partnerships around industry, government, and non-government organizations. Encourages corporate environmental leadership and responsibility.
419 Park Ave. South, Suite 1800
New York, NY 10016
(212) 683-4700
Environmental Finance Groups
These groups incorporate a variety of fields, including investment banking firms and private companies, that are committed to the support and development of environmental industry. They provide resources such as financing options, technical support, and consulting.
Entrust & Environmental One
A resource company for the environmental industry with the financial resources to fund environmental
business transactions domestically and abroad. Entrust offers resources in business, investment banking,
engineering, and consulting. This resource company even has its own construction company which
could aid in building eco-industrial parks. Entrust blends business solutions with opportunities and
technical expertise and funding to provide capital resources. Entrust has offered the following
assistance:
* Brownfields initiatives: consulting, development of financial resources, investment
* Equity Financing: financial resources to fund growth
* Infrastructure Upgrade Financing- Grants, state and federal loan programs
P.O. Box 6575
High Point, NC 27265
(910) 883-4900
Fax: (910) 883-4901
Sanders International ("eco-financing"): financial advisor
Committed to further developing and implementing the eco-industrial concept in projects in the U.S. and
abroad. Provides a range of services to public and private sector clients interested in applying eco-industrial concepts:
* Planning for Sustainable Development
* Feasibility studies for eco-industrial parks
* Identifying and adapting technologies
* Recruiting firms to participate in eco-industrial projects
* Developing overall eco-industrial park plans
* Marketing of eco-industrial parks
1616 P Street, NW Suite 410
Washington, DC 20036
(202) 939-3480
fax: (202) 939-3487
Web Site: http://www.sandersint.com/ecos/eco-ind.htm
Morrison & Kibbey Ltd.
Part of Sanders International, an investment banking firm with offices in New York and California specializing in providing financial advisory and private placement services on behalf of clients in energy, environmental, forest products and natural resource industries. They have arranged financing for over 3 dozen environmental and renewable energy projects.
Web Site: http://www.sandersint.com/ecos/mkltd.htm
Living Earth Realty
(212) 535-7132
Web Site: http://www.ecomall.com/biz/buildgreen.htm
E-mail: mail@newyorkrealty.com
Environmental Funds
Environmental Defense Fund
Comprised of public interest organizations dedicated to the protection and improvement of environmental quality and health. Promotes research, membership required. Offices in New York, NY; Austin, TX; Washington, DC; Boulder, CO; Oakland, CA
257 Park Ave, South
New York, NY 10010
(212) 505-2100
fax: (212) 505-2375
Web Site: http://www.edf.org/
Environmental Grantmakers Association
1290 Avenue of the Americas, Suite 3450
New York, NY 10014
New Alternatives Fund, Inc.
150 Broadhollow Road, Suite 306
Melville, NY 11747
(800) 423-8383
Web Site: http://www.ecomall.com/biz/naf.htm
National Resources in Sustainability Contacts
"Sustainable Development meets the needs of the present without compromising the ability of the future generations to meet their own needs." Sustainable development is a development strategy aimed at enhancing the local economy as well as the local environment and quality of life. Eco-industrial parks fit this profile because of their potential to provide jobs and limit waste and emissions, while making responsible use of land and natural resources.
Center of Excellence for Sustainable Development (COESD)
A financial resource advisor for planning community development. COESD specializes in helping various types of communities (including industrial parks) acquire information about the public participation process that works best in planning and implementing sustainable development. The COESD: (1) works with the Department of Energy to avoid isolating energy issues from environmental and economic issues; (2) can help you develop a menu of energy efficiency and renewable energy programs that fit the unique needs of your community; (3) provides you, via the Internet, with a "tool kit" of sustainable information including manuals, workbooks, databases, case studies, and model codes and ordinances; (4) will help you identify public and private sources of technical and financial assistance to carry out your program.
For community assistance in sustainable development, access a request form via the web page or contact the following address:
Center of Excellence for Sustainable Development
U.S. Department of Energy, Office of Energy Efficiency and Renewable Energy
Denver Regional Support Office
1617 Cole Blvd.
Golden, CO 80401
(800) 363-3732
fax: (303) 275-4830
E-mail: sustainable.development@hq.doe.gov
Web Site: http://www.sustainable.doe.gov
EPA Sustainable Development Challenge Grant Program
attn: Pamela Hurt
U.S. EPA
Office of Air and Radiation
401 M. Street, SW
>Washington, DC 20460
(202) 260-2441
Institute for Community Economics
Provides technical and financial assistance to community land trusts, limited equity housing co-ops, community loan funds and other grassroots organizations
57 School Street
Springfield, MA 01105-1331
(413) 746-8660
U.S. Department of Commerce
Office of Sustainable Development & Intergovernmental Affairs
(202) 482-3384
President's Council on Sustainable Development
730 Jackson Place, NW
Washington, DC 20503
(202) 408-5296
Urban Ecology
405 14th Street, Suite 900
Oakland, CA 94612
(510) 251-6330
Socially Responsible Investment Groups
A new approach to investment. Some investment groups and banks have established funds to specifically invest in corporations identified as having both a significant probability of delivering strong financial returns and making positive contributions to the environment and general quality of life.
Calvert GroupThe nation's largest family of socially and environmentally responsible mutual funds.
4550 Montgomery Ave.
Besthesda, MD 20814
(800) 368-2748
Web Site: http://www.calvertgroup.com
Entree Investor Services Network
A national affliation of investors and resources organized to take advantage of business growth opportunities.
4716 Ridgewater Ct.
Holly Springs, NC 27540
(919) 557-2371
E-mail: entreejt@ix.netcom.com
Web Site: http://www.entreeltd.com
First Affirmative Financial Network (FAFN)
A Nationwide network of financial advisors specializing in socially responsible investments. FAFN is committed to the growth of the social investment movement, servicing investors in all 50 states.
(800) 422- 7284
Web Site: http://www.greenmoney.com/fafn
Web Site: http://www.firstaffirmative.com
Hudson Investors Fund, Inc.
A diversified open-end investment management company seeking as its primary objective growth of capital. The Fund seeks to achieve its objective through investment in companies which meet strict ethical standards.
50 Mt. Prospect Ave.
P.O. Box 2070
Clifton, NJ 07013
(800) 483-7664
fax: (201) 458-1836
Web Site: http://www.hifund.com
Progressive Asset Management (PAM)
A full service investment firm, specializing in socially responsible investing
1814 Franklin Street, Suite 710
Oakland, CA 94612
(800) 786-2998
Institute for Community Economics
Provides technical and financial assistance to community land trusts, limited equity housing co-ops, community loan funds and other grassroots organizations.
57 School Street
Springfield, MA 01105
(413) 746-8660
Pax Fund
A groups of mutual funds investing in environmentally sound industries. They offer a variety of accounts.
(800) 767-1729
Web Site: http://www.paxfund.com
Windslow Management Company
An investment management firm investing in environmentally responsible and proactive firms.
24 Federal Street
Boston, MA 02110
(800)225-6265, ext.259
Banks and Credit Unions with Socially Responsible Funds
Albina Community Bank
2002 North East MLK Blvd.
Portland, Oregon 97212
(503) 287-7537
Alternatives Federal Credit Union
Measures social responsibility by how human resources are used, the extent of community involvement, the environmental impact of business and the relevant viability of the products or services the business produces.
301 West State St.
Ithaca, NY 14850
(607)273-4666
E-mail: afcu@alternatives.org or info@alternatives.org
Bank of America
Corporate responsibility includes community development and the environment. Call the regional manager for general information. On the web site see Community Development and the Environment. Other regional managers and office contacts are on the website.
335 Madison Ave.
New York, NY 10017
(212) 503-8386
fax: (212) 553-7771
Web Site: http://www.bankamerica.com
E-mail: russbank@aol.com
Bank of Boston / First Community Bank
100 Federal Street
Boston, Massachusetts 02110
(617) 434-8267
Web Site: http://www.bkb.com
*Go into personal banking, then go into retail. Scroll down to First Community Bank.
Bank of Newport (Oregon)
5335 Southwest Meadows Rd. Suite 201
Lake Oswego, Oregon 97035
(800) 385-2265 or (503) 598-3240
Community Bank of the Bay (California)
1750 Broadway
Oakland, CA. 94612
(800) 632-3263
(510) 271-8400
Dubuque Bank and Trust
1398 Central Avenue
P.O. Box 778
Dubuque, Iowa 52004-0778
(800) 397-2000
Elkhorn Bank and Trust
P.O. Box 248
Arkadelphia, Arkansas 71923
(501) 246-5811
Web Site: http://www.ehbt.com
Self-help Credit Union
301 West Main St.
Durham, NC 27701
(800) 476-7428
Web Site: http://www.selfhelp.org
Shorebank Pacific (Washington), affiliated with South Shore Bank
P.O. Box 400
Ilwaco, Washington 98624
(360) 642-1166
(888) ECO-BANK (# for Eco Deposits)
South Shore Bank
7054 South Jeffry Blvd.
Chicago, Illinois 60649
(800) 669-7725
Vermont National Bank
Socially Responsible Bank Fund
P.O. Box 804
Brattleburo, Vermont 05032
(800) 772-3863
Web Site: http://www.vermontnationalbank.com
Wainwright Bank
63 Franklin St.
Boston, Massachusetts 02110
(800) 444-2265
On-Line Databases
Environmental Financing Information Network
On-line database with publication abstracts, case studies, referrals for environmental program experts, and contact on financing alternatives. EFIN emphasizes financing alternatives for State and local environmental programs such as State Revolving Funds and Public-Private Partnerships.
Web Site: http://www.eps.gov/efinpage/efin.htm
This web page also contains an Environmental Finance Program, which can be found at:
Web Site: http://www.eps.gov/efinpage/efp.htm
Listed under the Environmental Finance Program is a Guidebook of Financial Tools.
Web Site: http://www.eps.gov/efinpage/guidebk/sec1d.htm
This guidebook has been instrumental in creating our own guidebook of financial resources for eco-industrial parks. Among the entries found in this on-line guidebook, there are several grants which may provide eco-industrial park financing: Community Development Block Grants, Entitlement Grants Program, Small Cities Program, States Program, Technical Assistance Program. There are several other grant programs at this web site that may be useful.
EPA Grants Programs
A government-wide compendium of Federal projects, programs, services and activities which provide assistance or benefits to the American Public. It contains financial and nonfinancial assistance programs administered by departments and establishments of the Federal government.
Web Site: http://www.epa.gov/ogd/cfda.htm
Federal Domestic Assistance Catalog
Web Site: http://www.gsa.gov./fdac/queryfdac.htm
Federal Money Retriever
This program has the most current information on over 1300 federal funding programs. It is called the "ultimate 1 stop guide" and covers more than $1 trillion in grants, loans, and other assistance.
Web Site: http://idimagic.com/avgrants/avgrants05.html
Goodmoney, Inc.
Offers a guide to socially and environmentally screened funds, investing, banks, and credit unions.
P.O. Box 502
Dover, NH 03821-0502
(207) 748-3088
Web Site: http://www.goodmoney.com/index.htm
Green Money On-line Guide
Guide to investment funds for environmental projects
Web Site: http://www.greenmoney.com
Sustainable Development Resources
Database containing information on local, national. and international organizations and government agencies currently active in the development of sustainable technologies and methods. Conduct search by using: fund* AND grants
Web Site: http://www.ncat.org:7050
Text-Based Table of Contents
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URL: http://www.smartgrowth.org/
This web site is a subset of http://www.sustainable.org, developed and maintained by the
Sustainable Communities Network (SCN)
Revised January 6, 2000
Webmaster: info@smartgrowth.org
