Local MI Chamber Offers Energy Efficiency Microloans

The Traverse City Area Chamber of Commerce of Michigan has expanded a loan program to help local businesses reduce electricity consumption and lower utility bills.

In partnership with Traverse City Light and Power, the chamber established a $200,000 Energy Efficiency Revolving Loan Fund that promotes energy savings among businesses in the utility’s service district. Loans can be made for companies to invest in energy efficiency measures identified through a comprehensive energy audit.

The description of the loan program on the chamber’s website can be found here. A news release from the utility about the program is here. A news story on the program from Midwest Energy News can be found here.