For The Register-Herald
The JPMorgan Chase Foundation Friday gave $30,000 to the Natural Capital Investment Fund to expand Rural Business Energy Efficiency Initiative into Appalachian West Virginia.
Nancy Kissinger, president of Chase in Beckley and Clarksburg, said, “At Chase, our goal is to be a catalyst for meaningful, positive and sustainable change in our communities.
The Rural Business Energy Efficiency Initiative is making a real difference.”
NCIF is a business loan fund that provides debt and equity financing to small businesses located in North Carolina, northeast Tennessee, southwest Virginia, West Virginia, southeast Ohio and Appalachian Kentucky.
The purpose of the initiative is to help mitigate the impact of rising energy prices on small businesses by providing a range of services including training on energy efficiency-related best management practices, energy audits and post-audit implementation assistance.
NCIF also helps businesses access federal cost share and utilities cost rebate sharing programs on energy efficiency to decrease energy costs.
The funding form JPMorgan Chase will support deployment of a $2 million program-related investment from Ford FDN to make loans for energy efficiency, sustainable forestry and agriculture-related projects in Appalachian West Virginia.