NORTHVILLE, Mich. (AP) — Gov. Rick Snyder has announced a statewide initiative that he says encourages businesses to save money through energy efficient upgrades.
Snyder launched the Michigan Saves Business Energy Financing Program during a visit to a Hiller's location in Northville on Friday.
The governor says the program "helps businesses save on costs, creates good-paying jobs and moves us toward a greener energy future."
The goal of the initiative is to help Michigan businesses reduce costs by providing low-interest financing for energy efficient lighting, heating and cooling systems, insulation, refrigeration and equipment.
Under the plan, businesses would make the upgrades with the help of authorized contractors and financing of $2,000 to $150,000 with lending partner Ervin Leasing and capital provider Bank of Ann Arbor.