Nov 07 2008

Shelby Announces $24,992 for Shoals Entrepreneurial Center

U.S. Senator Richard Shelby (R-Ala.), a senior member of the Senate Appropriations Committee, today announced that the Appalachian Regional Commission (ARC) will award $24,992 to the Shoals Entrepreneurial Center (SEC), located in Florence, Alabama.  This funding will be used for the SEC Business Incubator: Implementation of Energy Efficiency and Alternative Energy Pilot Program.

“One crucial step to eliminating the United States’ dependence on foreign sources of energy is to use less and conserve more,” said Shelby.  “This important grant will be used to update the SEC business incubator so that it will serve as an efficient energy model for other businesses in the Shoals region.  This model will encourage others to implement efficient energy practices in their businesses.”  

The SEC Business Incubator: Implementation of Energy Efficiency and Alternative Energy Pilot Program will result in the creation of 26 new businesses and 50 new jobs.  In addition, a 25% reduction in energy use for the facility is anticipated.  In addition to ARC funds, the total project cost of $49,984 includes $24,992 from local sources.