Stoel Rives Publishes "Show Me The Money:" An Economic Stimulus Funding Guide
May 4, 2009 - Stoel Rives, LLP
Stoel Rives LLP, a full-service U.S. business law firm, today announced the publication of a guide to federal clean energy funding opportunities under the $787 billion American Recovery and Reinvestment Act ("ARRA"). Signed into law by President Obama on February 17, 2009, ARRA contains almost $94 billion in investments and tax incentives for renewable energy, smart grid/transmission, energy efficiency, green vehicles and green job training.
Titled "Show Me The Money," the guide reviews the various programs and potential sources of federal funding for clean energy companies and projects. The guide separately addresses funding opportunities under the ARRA for the following energy industry areas: wind, solar, biofuels, biomass, smart grid, transmission, geothermal, marine and hydrokinetic, green building, energy efficiency, advanced battery and fuel cell technology, clean energy equipment manufacturing, green vehicles and clean coal. The firm will also continue to track the frequent updates and funding notices at the federal and state level which may also be of interest.
"We believe that the ARRA funding will provide an important and significant boost to the clean energy industry over the next 18 months," said David Benson, a member and chair of the Stoel Rives BioEnergy Practice Group. "However, since the funding does not apply uniformly to all sectors of the industry, the opportunities that may apply to a particular company or project are often difficult to discern. Accordingly, we are happy to offer this guide for businesses looking to identify those programs and potential sources of funding specific to their company or project type."
About Stoel Rives LLP: Stoel Rives is a business law firm providing corporate and litigation services to a wide range of clients throughout the United States. The firm has nearly 400 attorneys operating out of 12 offices in eight states. Stoel Rives is regarded as a leader in energy, real estate, project development, land use and construction, natural resources, environmental, labor and employment, litigation, corporate and intellectual property law. The firm has offices in Anchorage, Alaska; Boise, Idaho; Denver, Colo.; Minneapolis, Minn.; Portland, Ore.; Sacramento, Calif.; Salt Lake City, Utah; San Diego, Calif.; San Francisco, Calif.; Seattle, Wash.; Lake Tahoe, Calif.; and Vancouver, Wash. For more information, visit www.stoel.com.