BusHsgDev Highlights 2009 1210 - Laserfiche WebLink

Home

City of San Leandro Industrial Competitiveness Grant Program Industrial Competitiveness Grant Program Overview The San Leandro Redevelopment Agency (Agency) Industrial Competitiveness Grant (ICG) Program is designed to facilitate energy efficiency improvements to industrial facilities and operations in the West San Leandro/MacArthur Boulevard Redevelopment Project Area. The ICG Program serves to stimulate investment in energy projects in order to increase the economic viability of industrial activity in the City by achieving energy cost reductions. Additionally, the Program will help to reduce greenhouse gas emissions that result from industrial processes, furthering an adopted City goal to reduce greenhouse gas emissions in the City to 25% below 2005 levels by 2020. The ICG Program will provide incentives to improve energy efficiency by providing access to capital through forgivable loans of up to $50,000. The Agency will pay up to half of the out of pocket costs of an improvement project. Participants in the program may either be property or business owners. Funding for approved projects will be awarded in the form of a one-year forgivable loan secured through an Owner Participation Agreement. Upon completion of the loan term, the loan amount will be forgiven if the participant has maintained the improvements in compliance with the Agreement. The funds can be used for any energy-efficiency improvements consistent with the Redevelopment Plan, Zoning Code, and other applicable city, state, and federal regulations. Evaluation Criteria Applications to the ICG Program will be evaluated and ranked by the following four criteria: projected energy reduction and energy cost savings, payback period, likelihood to strengthen the long-term viability of the business venture, and project design. These criteria are explained further on the back of the ICG Program application. Projects will be accepted on a "first come, first serve" basis; however, priority will be given to those projects that best meet the criteria. Based on demand, the Agency may specify a certain time period during which applications are received and evaluated, although no such time limitations exist at this time. Application and Intake Process Upon receipt of a complete application, staff will perform a preliminary project evaluation. During this process the participant may be asked to meet with staff to answer questions and provide additional information. Once a project is selected to receive ICG Program funding, the applicant will be required to enter into an Owner Participation Agreement which must be approved by the Agency. Eli ibili Applicants must own the industrial property to be improved, be tenants of the industrial property or hold a master lease for the industrial property. The property must be located within the West San Leandro/MacArthur Boulevard Redevelopment Project Area. For information regarding Redevelopment Project Areas, including a map, please visit the City's website at: http://www.ci.san-leandro.ca.us/slredevproj ectareas.html