Workshop to Focus On Energy Efficiency Program

From the Memphis Daily News

Pathway Lending will host a workshop in Memphis next week to educate local businesses about a new $50 million Energy Efficiency Loan Program Tenn. Gov. Phil Bredesen announced last month.

The state of Tennessee, Pinnacle National Bank, the U.S. Dept. of Energy, the
Tennessee Valley Authority, the U.S. Economic Development Administration and Pathway Lending collaborated on creating the new program.

The loan program enables businesses to get significant long-term energy savings while increasing their productivity and profitability. The program offers below-market rate loans that can finance up to 100 percent of costs on projects such as retrofits, equipment replacements and upgrades.

Loans may be repaid with the energy cost savings derived from the projects.

The workshop will take place Tuesday (Sept. 21) from 11 a.m. to 1 p.m. at the Fogelman Conference Center at 330 Innovation Drive on the University of Memphis campus.