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North Carolina Launches $1M Green Business Fund
The North Carolina Board of Science and Technology, for a long time serving mostly in an advisory capacity to Gov. Mike Easley, increasingly is more involved in the direct delivery of technology-based economic development programs. The latest addition to its growing portfolio of programs is a $1 million Green Business Fund to help small businesses commercialize promising green and alternative energy technologies.
Under the new program, the Board will provide grants of up to $100,000 to North Carolina-based small businesses with 100 or fewer employees. The award process will be competitive, with priority given to proposals that aid in the following:
- Development of the biofuels industry in the state;
- Development of the green building industry in the state; and/or,
- Attraction and leverage of private sector investments and entrepreneurial growth in environmentally conscious clean technology and renewable energy products and businesses.
The current solicitation for applications, set to close April 30, 2008, is the first for the program authorized by the North Carolina General Assembly during the 2006-2007 session. More information on the Green Business Fund is available at: http://www.ncscienceandtechnology.com/
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