Business & Economy
Low-interest energy loan program expands statewide
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By SAODAT ASANOVA-TAYLOR
Capital News Service
LANSING – Local businesses looking to save on energy costs have an opportunity for low-interest loans through an expanded statewide energy financing program. This initiative comes from Michigan Saves Inc., a nonprofit organization helping businesses to lower their expenses and improve their energy efficiency. The organization previously provided loan support to businesses around the Detroit area and is now extending their activities statewide. Julie Metty Bennett, executive director of the organization, said the program provides low-interest loans for energy-efficient lighting, heating and cooling systems, insulation, refrigeration, equipment and more. “A lot of the time, operation costs for businesses are much higher than they should be.