Loan program helps boost efficiency, bottom line

Did you know that 30 cents of every dollar spent on energy in a commercial building is wasted due to inefficiency? Taking steps to improve energy efficiency isn’t just good for the environment; it improves also company’s bottom line since energy costs are always on the rise.

Energy Star has reported that most businesses can easily achieve energy savings of 2-10 percent by making a few improvements. Upgrading lighting and HVAC systems are key methods for reducing operating costs by saving on utilities.

Elk River’s Economic Development Authority provides low interest loans up to $74,999 to help businesses invest in energy efficiency improvements that enhance their profitability and increase the likelihood of job creation.

Learn more about eligible upgrades.