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Loan program helps boost efficiency, bottom line

30 Oct 2017


Did you know that 30 cents of every dollar spent on energy in a commercial building is wasted due to inefficiency? Taking steps to improve energy efficiency isn’t just good for the environment; it improves also company’s bottom line since energy costs are always on the rise.

Energy Star has reported that most businesses can easily achieve energy savings of 2-10 percent by making a few improvements. Upgrading lighting and HVAC systems are key methods for reducing operating costs by saving on utilities.

Elk River’s Economic Development Authority provides low interest loans up to $74,999 to help businesses invest in energy efficiency improvements that enhance their profitability and increase the likelihood of job creation.

Learn more about eligible upgrades.

 

City of Elk River Economic Development
13065 Orono Parkway | Elk River, MN  55330
phone 763.635.1000