On Wednesday, Baltimore City Mayor Stephanie Rawlings-Blake launched the Baltimore Energy Initiative. Through the assistance of state funding, the city-wide energy conservation and sustainability effort will build upon existing programs and spur new ones. As reported in Baltimore City’s news release:
Funded by a $52 million grant from the Public Service Commission of Maryland, BEI will support a number of existing City programs—supplementing the mayor’s efforts to grow a sustainable city by reducing Baltimore City’s energy use, while promoting local investment.“The Baltimore Energy Initiative will help grow a more sustainable Baltimore, helping to spur future growth while supporting our hard working residents,” said Mayor Rawlings-Blake. “This innovative, three-year program will help City agencies better meet critical needs and achieve broader city and state goals and provide long-term energy cost savings for our residents.”
As reported in The Baltimore Business Journal:
“Collectively, these programs will help thousands of city families and hundreds of city not-for-profits and businesses save money and save energy,” Baltimore Mayor Stephanie Rawlings-Blake said. “This Baltimore Energy Initiative will be big. It is big for Baltimore.”The large loan program is an outgrowth of an existing loan program, said Alice Kennedy, Baltimore sustainability coordinator. Businesses and nonprofit organizations will now be able to borrow more than $150,000 for efficiency improvements, up from $25,000 to $50,000, she said.