Posts tagged: Recovery Act
Five statewide tech companies will receive $1.5 million in loans and grants from the Sirti Foundation, including two area firms developing energy technologies.
The money comes from an award from Washington’s Department of Commerce Energy Program, funded through the federal stimulus package. The goal is to assist companies to create high-quality jobs in energy-saving areas or environmentally beneficial products.
The two Spokane companies receiving grants and loans are:
The Spokesman-Review ran a story this past January on Demand Energy Networks. It’s here and includes the photo above, showing Randi Neilsen, a company executive.
The award provides a $100,000 loan plus a $100,000 grant. The goal is for McKinstry to use the project as a demonstration to work with other companies looking for energy savings. The project estimates eight new jobs.
Read the rest of the story below.
Companies in Washington with clean-energy projects or energy-saving products can apply for federal money through a program being managed by Sirti.
A Thursday, Sept. 23, workshop at Sirti’s downtown Spokane
building will detail the guidelines of the program. The $1.5 million to be
awarded comes from the federal Recovery Act and is administered by the Commerce
That meeting starts at 10 a.m. in the Sirti board room; it can also be attended online.
The money will be distributed in grants and loans to firms doing business in Washington.
Sirti market development director Linda Hemingway said applicants must apply for both a grant and a loan. Each qualifying company will receive from $100,000 to $500,000, Hemingway said
She said the expectation is that four to seven firms will receive the awards and loans. Applicants’ projects must be beyond the research stage and be ready for commercial development.