17999_Authority_December

!"#$%$&'('")*+,$)$-./+,011211 1 !" ƐƵĐĐĞƐƐ ĨŽƌ ŽƵƌ ĐůŝĞŶƚƐ ĂŶĚ ŚĂǀĞ Ă >Kd of data from over the years to help our clients make informed decisions. But ƐŽŵĞ ĂŐĞŶĐŝĞƐ ƉůĂŶ ƚŽ ŵĂŬĞ ĂǁĂƌĚƐ͕ ƚŚĞŶ ƉŽůŝƟĐƐ ďĞŚŝŶĚ ƚŚĞ ƐĐĞŶĞƐ ĚĞůĂLJ that money from going out. And ƚŚĞƐĞ ĚĞůĂLJƐ ĐĂŶ ƐƚĂĐŬ ƵƉ͘ tĞΖǀĞ ƐĞĞŶ ĂŐĞŶĐŝĞƐ ĚĞůĂLJ ĂǁĂƌĚƐ Ăƚ ĐŽŶƐĞĐƵƟǀĞ ŵĞĞƟŶŐƐ͕ ǁŚŝĐŚ ŵĂLJ ŽŶůLJ ŽĐĐƵƌ ƋƵĂƌƚĞƌůLJ͕ ǁŚŝĐŚ ĞƋƵĂƚĞƐ ƚŽ Ă ůŽƚ ŽĨ ǁĂŝƟŶŐ͘ KƵƌ ďĞƐƚ ĂĚǀŝĐĞ ŝƐ ŝĨ LJŽƵ ŚĂǀĞ a project that demands immediate ĂƩĞŶƟŽŶ͕ ůŝŬĞ ĂŶ ĞŵĞƌŐĞŶĐLJ ƌĞƉĂŝƌ Žƌ Ă ĐŽŶƐĞŶƚ ŽƌĚĞƌ ĚŝĐƚĂƟŶŐ ƚŚĞ ǁŽƌŬ͕ ĮŶĚ ŽƵƚ ǁŚŝĐŚ ƉƌŽŐƌĂŵƐ ƌĞůŝĂďůLJ ĂǁĂƌĚ ĨƵŶĚŝŶŐ͕ ĂŶĚ ƐŚLJ ĂǁĂLJ ĨƌŽŵ ƚŚŽƐĞ ƚŚĂƚ ĂƌĞ ƵŶƉƌĞĚŝĐƚĂďůĞ ĂŶĚ ƉŽůŝƟĐĂůůLJ ĚƌŝǀĞŶ͘ ŶĚ ŝĨ ĨƵŶĚŝŶŐ ĚŽĞƐŶΖƚ ĐŽŵĞ through, have alternate plans in place ƚŽ ŵŽǀĞ ĨŽƌǁĂƌĚ͘ Ψ͘ ÊÄΖã çė›Ù›Ýã®Ãƒã› 㫛 ÖÊó›Ù Ê¥ ƒ ½ÊƒÄ͘ &ƵŶĚŝŶŐ ƐƵĐĐĞƐƐ ĚŽĞƐŶ͛ƚ ĂůǁĂLJƐ ĐŽŵĞ in the form of a grant. For example ;ƐĞĞ ƚĂďůĞͿ͕ ǁŚĂƚ ŝƐ ƚŚĞ ǀĂůƵĞ ŽĨ Ă Ψϰ͘Ϭ ŵŝůůŝŽŶ W EEs ^d ĂƉƉůŝĐĂƟŽŶ that results in no grant money but ƌĂƚŚĞƌ͕ Ă ůŽǁͲŝŶƚĞƌĞƐƚ ůŽĂŶ ŽĨ ϭ͘Ϭй͍ With the current interest rate climate, it is important to look at the big ƉŝĐƚƵƌĞ ĂŶĚ ĐŽŵƉĂƌĞ ǀĂƌŝŽƵƐ ĮŶĂŶĐŝŶŐ ŽƉƟŽŶƐ ĨŽƌ ƚŚĞ ƉƌŽũĞĐƚ͘ Ɛ ƐŚŽǁŶ ŝŶ the example table, the amount of money a project can save over the course of a 20-year 1% PENNVEST ůŽĂŶ ŝƐ ĂůŵŽƐƚ ΨϱϬϬ͕ϬϬϬ ĐŽŵƉĂƌĞĚ ƚŽ ƚŚĞ ŶĞdžƚ ďĞƐƚ ŽƉƟŽŶ ;Ă W EEs ^d ĂƉ Rate loan at 2.07% for their County). dŚŝƐ ƌĞƐƵůƚƐ ŝŶ ĂƉƉƌŽdžŝŵĂƚĞůLJ ΨϱϬϬ< of savings or free money... just like a ŐƌĂŶƚ͊ ŶĚ ŝĨ LJŽƵ ƚĂŬĞ ƚŚĞ Ψϰ͘Ϭ ŵŝůůŝŽŶ ŝŶ ĨƵŶĚŝŶŐ ĂŶĚ ĐŽŵƉĂƌĞ ǁŚĂƚ ƚŚĞLJΖůů pay over the total life of the loan to a bank loan (for example at 4.5%), they ƐĂǀĞ ŵŽƌĞ ƚŚĂŶ Ψϭ͘ϳ ŵŝůůŝŽŶ͘ >ŽŽŬŝŶŐ ĨƌŽŵ ƚŚŝƐ ůĞŶƐ ŐŝǀĞƐ Ă ůŽĂŶ Ă ǁŚŽůĞ other meaning. Ψ͘ d«®Ä» ÊçãÝ®—› 㫛 Êø ŽŶƐŝĚĞƌ ǁŽƌŬŝŶŐ ŽƵƚƐŝĚĞ ŽĨ ƚŚĞ ĐůĂƐƐŝĐ ǁĂƚĞƌ ŵĂŝŶ Žƌ ƐĞǁĞƌ ůŝŶĞ replacements. Can you look at ĂůƚĞƌŶĂƟǀĞƐ ƚŽ ĂǀŽŝĚ ƚƌĂĚŝƟŽŶĂů ĚŝŐ and replace? Do your treatment byproducts have any energy or ƌĞĐůĂŵĂƟŽŶ ǀĂůƵĞ͍ ĂŶ LJŽƵ ĐŽŵďŝŶĞ several projects into one, develop a list of related equipment needed, Žƌ ďƌŽĂĚĞŶ ƚŚĞ ƐĐŽƉĞ ŽĨ ǁŽƌŬ ƚŽ reach a higher value and be eligible for other programs? "Go big or go ŚŽŵĞ͕Η ďĞĐĂƵƐĞ ŝĨ LJŽƵΖƌĞ ŐŽŝŶŐ ƚŽ ƉƵƚ ĨŽƌƚŚ ƚŚĞ ĞīŽƌƚ͕ ŝƚ ŵĂŬĞƐ ƐĞŶƐĞ ƚŽ ŐĞƚ ĂƐ ŵƵĐŚ ǁŽƌŬ ĚŽŶĞ ĂƐ ƉŽƐƐŝďůĞ ƚŽ ƚĂŬĞ ĂĚǀĂŶƚĂŐĞ ŽĨ ƚŚĞ ĞĐŽŶŽŵŝĞƐ ŽĨ ƐĐĂůĞ ŝŶ ĐŽŶƐƚƌƵĐƟŽŶ projects. ůƐŽ͕ ĐŽŶƐŝĚĞƌ ŚŽǁ ŵƵůƟƉůĞ ĨƵŶĚŝŶŐ ŽƉƉŽƌƚƵŶŝƟĞƐ ŵĂLJ ďĞŶĞĮƚ your project. Many projects require Ă ĮŶĂŶĐŝĂů ŵĂƚĐŚ ĨƌŽŵ ƚŚĞ ĂƉƉůŝĐĂŶƚ͕ and in some cases, the match can ďĞ ŽīƐĞƚ ďLJ ĂŶŽƚŚĞƌ ĨƵŶĚŝŶŐ ƐŽƵƌĐĞ͘ When combining funding sources, ŵĂŬĞ ƐƵƌĞ ƚŽ ǁŽƌŬ ǁŝƚŚ ƚŚĞ ĨƵŶĚŝŶŐ agency to determine if the funding ƐŽƵƌĐĞƐ ĂƌĞ ĐŽŵƉĂƟďůĞ͘ Ψ͘ Z›½ƒã®ÊÄÝ«®ÖÝ Ãƒãã›Ù͘ Ğ ĐŽŵŵŝƩĞĚ ƚŽ ďƵŝůĚŝŶŐ ƌĞůĂƟŽŶƐŚŝƉƐ͕ ŶŽƚ ŽŶůLJ ǁŝƚŚ ƚŚĞ ĂŐĞŶĐŝĞƐ ǁŝƚŚ ǁŚŽŵ LJŽƵ ǁŽƌŬ͘ ƚ ŶƚĞĐŚ ǁĞ ŚĂǀĞ ĚĞǀĞůŽƉĞĚ Ă ƌĂƉƉŽƌƚ ǁŝƚŚ ŵĂŶLJ ŽĨ ƚŚĞ ĨƵŶĚŝŶŐ ĂŐĞŶĐŝĞƐ͕ ǁŚŝĐŚ ĂůůŽǁƐ ƵƐ ƚŽ ŐĞƚ ĂŶƐǁĞƌƐ ĂŶĚ advice more readily. The agencies ƐŽŵĞƟŵĞƐ ƐƚƌƵŐŐůĞ ƚŽ ŐŝǀĞ ĂǁĂLJ their money (hard to believe!), so ŵĂŝŶƚĂŝŶŝŶŐ ĂŶ ŽƉĞŶ ĚŝĂůŽŐƵĞ ǁŝƚŚ ƚŚĞŝƌ ƐƚĂī ĐĂŶ ŐŝǀĞ LJŽƵ Ă ůĞŐ ƵƉ ŽŶ ŶĞǁ Žƌ ƵƉĐŽŵŝŶŐ ƉƌŽŐƌĂŵƐ͘ ƐŬ ƋƵĞƐƟŽŶƐ ŽĨ LJŽƵƌ ĨƵŶĚŝŶŐ ĂŐĞŶĐLJ͘ The funding agencies appreciate the ƵƉĨƌŽŶƚ ƋƵĞƐƟŽŶƐ ƚŽ ĂǀŽŝĚ ĐŽŶĨƵƐŝŽŶ Žƌ ŝƐƐƵĞƐ ǁŝƚŚ ƚŚĞ ĂƉƉůŝĐĂƟŽŶ͘ Ψ͘ › Öʽ®ã®‘ƒ½½ù ݃òòù ƒÄ— Ý«ƒÙ› ®Ä¥ÊÙÃã®ÊÄ͘ The odds of obtaining certain funding ĐĂŶ ŐƌĞĂƚůLJ ŝŶĐƌĞĂƐĞ ďLJ ŶĞƚǁŽƌŬŝŶŐ ǁŝƚŚ ůŽĐĂů ĂŶĚ ƐƚĂƚĞ ƉŽůŝƟĐŝĂŶƐ͘ Ğ ƐƵƌĞ LJŽƵ ŬŶŽǁ ƚŚĞŵ ĂŶĚ ƚŚĞŝƌ ƐƚĂī͕ ĂŶĚ ƚŚĂƚ ƚŚĞLJ ŬŶŽǁ LJŽƵ͘ /ŶǀŝƚĞ ƚŚĞŵ out to your plant or project site to understand the importance of your facility in the community and see for ƚŚĞŵƐĞůǀĞƐ ŚŽǁ ĐƌŝƟĐĂů your projects are for future ŐƌŽǁƚŚ Žƌ ƐƵƐƚĂŝŶĂďŝůŝƚLJ͘ ůǁĂLJƐ ƌĞŵĞŵďĞƌ͕ LJŽƵ ŶĞǀĞƌ ƚƌƵůLJ ŬŶŽǁ ǁŚĂƚ aspects of a project or ĨƵŶĚŝŶŐ ĂƉƉůŝĐĂƟŽŶ ĐŽƵůĚ ŝŶŇƵĞŶĐĞ ƚŚĞ ĚĞĐŝƐŝŽŶͲ ŵĂŬĞƌƐ͕ ďƵƚ ǁŝƚŚ ƐŽŵĞ ŬŶŽǁůĞĚŐĞ͕ ƉůĂŶŶŝŶŐ͕ ĂŶĚ Ă DŽŶĞLJ ĂƌƟĐůĞ ĐŽŶƟŶƵĞĚ ĨƌŽŵ ƉĂŐĞ ϭϵ͘ It's foolish NOT to apply for a grant or loan. Nothing ventured, nothing gained.