The City of Bridgeport and Connecticut’s Clean Energy Finance and Investment Authority (CEFIA), as part of the Energize Connecticut initiative, jump-started Connecticut’s Commercial Property Assessed Clean Energy (C-PACE) Program with a matchmaking forum at the Bijou Theatre. The forum brought together energy and finance stakeholders, encouraged and facilitated the development of strategic partnerships and provided information regarding the C-PACE program.
Approximately 100 attendees, including building owners, capital providers, and contractors participated in today’s “matchmaking” forum. The event included brief presentations from Mayor Finch, CEFIA President Bryan Garcia, Phil Kuchma, a local property owner, Martin Gitlin from Structured Finance, Pat McDonnell from The United Illuminating Company, and Jessica Bailey, Director of the C-PACE program at CEFIA.
C-PACE creates a vehicle for Bridgeport’s building owners to access low-cost, long-term financing from private investors for energy upgrades. Bridgeport was the first city in Connecticut to become eligible for this financing by passing a resolution that allows collection of the repayment of energy loans through the property tax system. Norwalk and Hartford were the second and third municipalities to join and CEFIA expects a dozen municipalities to fully engage by year’s end.
For more on this story, visit: Press Room.