Deadline: Ongoing
Eligible Applicants: Local Government, Industry, Utilities, Non-Profit, Businesses
Fuel Type: Not specified
Agency: EGLE
Description: The Accelerator aims to attract billions of dollars to finance the development of clean energy projects for consumers, businesses, nonprofits, and local governments throughout Michigan. By scaling up green lending in Michigan, the Accelerator will offer more families and businesses access to financing for clean energy technologies, create good-paying jobs, lower energy costs, and support the implementation of the MI Healthy Climate Plan.
Eligible Projects: The Accelerator will help community lenders like community development finance institutions, credit unions, and green banks across the state secure funding from the Greenhouse Gas Reduction Fund, created by the EPA. There are two strategies: Michigan Climate Investment Fund, an $11 million fund to support community lenders in securing federal funds and effectively deploying this capital in Michigan communities. Michigan Climate Investment Hub, which is a public-private partnership that will foster partnerships among the State of Michigan, GGRF awardees, private investors, commercial lenders, community leaders, community organizations, philanthropic support from the Kresge Foundation and aims to position Michigan as a priority market for GGRF investment and facilitate the development of investment-ready projects.
More Information: Michigan Climate Investment Accelerator
