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Stimulus benefits clean tech small businesses

Saturday, 20 March 2010 12:49

The American Recovery and Reinvestment Act of 2009 (ARRA) has delivered $5.4 billion to small businesses involved in clean energy technologies.

The funds were delivered through the Department of Energy (DOE) using a combination of grants, contracts, loans, loan guarantees, and tax credits. Targeted funding areas included energy efficiency, transportation, grid modernization, carbon capture, and renewables. The announcement was made by the Obama administration on March 17, and was accompanied by the release of a DOE report entitled Small Businesses Helping Drive Economy: Clean Energy, Clean Sites.