Summer, 2016                                                        From the Ohio Air Quality Development Authority 
A Message from the Executive Director 
Dear Friends,

OAQDA assists Ohio businesses and government entities of all
sizes in meeting the requirements of clean air regulations. Often these organizations achieve significant cost savings in operations and utility expenses as a result of becoming clean air facilities.
 
One of OAQDA's programs, the Clean Air Resource Center (CARC), helps small businesses with financing structured to meet the needs of individual projects through OAQDA-issued conduit bonds. These bonds can be federally tax exempt or taxable, depending on what best suits the business.  All are exempt from Ohio income, real property, sales and use taxes for the term of the financing. OAQDA will work with the lender selected by the business to implement the loan.

In the past year, CARC financing has assisted a variety of small Ohio businesses with a range of projects. We are pleased to offer profiles of some of these projects in this issue of AirFocus.

Financing through CARC covers 30 percent of the cost of equipment purchased, capped at $30,000. These grants are applied directly to the principal balance of the loan. OAQDA also reimburses the business for all reasonable closing costs.

To qualify for CARC financing, Ohio small businesses must be current with required Ohio EPA permits, have 100 or fewer employees, emit less than 75 tons per year of all regulated air pollutants and emit 50 or less tons of any regulated pollutant.

Businesses and government organizations interested in learning more about CARC can contact OAQDA at 614-224-3383 or visit www.ohioairquality.org.

Sincerely,
 
Chadwick Smith
Executive Director

CARC Financing Supports Clean Air Projects for Small Businesses

Body Shop Increases Capacity with New Paint Booths

Kumler Collision, one of Central Ohio's oldest independent auto body shops established in 1928 in Lancaster, was awarded $250,000 through the Clean Air Resource Center (CARC) to replace its 25 year old paint booths, with two new state of the art Garmat Frontier downdraft paint booths. The new booths allowed Kumler to increase capacity by enabling the paint teams to spray repaired vehicles and dismantled parts together in one cycle through the use of a larger cabin size in the new equipment. 


Goddard School in Cincinnati Expands Capacity While Reducing Energy Usage

OAQDA awarded the Goddard School in Anderson Township outside Cincinnati $750,000 in air quality revenue bonds from CARC to enhance the energy efficient design of a $1.1 million building addition and upgrade the energy efficiency of the existing school. 



Columbus Body Shop Installs New Paint Booth to Serve More Customers 

Dent Magic, a Columbus area automotive paint and body repair shop , recently use d $105,000 in air quality revenue bond financing from CARC to install a new paint booth to increase capacity.  The new booth features many technology upgrades that improve energy consumption and filtered air quality.



OAQDA Authorizes Financing Package to Assist Cuyahoga County Dry Cleaner

The purchase of a new "effective microorganism" (EM) dry cleaning system will help Topp's Cleaners of Euclid to switch to the use of a water-free, advanced multi-solvent system while reducing hazardous air emissions, thanks to the approval of a $50,000 financing package through the CARC. 



Classic Car Restoration and Collision Repair Shop Purchases Equipment with OAQDA Financing


A Warren County business, Hausfeld Classics, known for quality classic car restoration is expanding its service to include complete collision repair for all types of vehicles thanks to $79,533 in financing from CARC. 





Medina County Business Improves Air Quality for Employees, Customers, Community

Schade's Auto Body, a family-owned automotive paint and body repair shop established in 1993 in Brunswick, was approved for up to $280,000 from CARC to replace existing paint booths with a new state-of-the-art downdraft paint booth. The new booth increased capacity and efficiency over the previous system and enables Schade's to utilize two paint prep stations, three paint cabins and a paint mixing room.  



Cincinnati Body Shop Receives $65,000 from OAQDA to Reduce Emissions, Save Energy

Llanfair Body Shop, a 73-year-old Cincinnati area business, was approved for $65,000 in air quality bond financing from CARC to improve efficiency, save energy and reduce energy emissions through equipment upgrades.


OAQDA Provides Qualified Energy Conservation Bonds for Public Entities

OAQDA Approves  $2.1 Million for Energy Efficiency, Conservation Project at Hocking Valley Community Hospital

Hocking Valley Community Hospital in Hocking County recently was awarded $2.1 million in Qualified Energy Conservation Bond (QECB) financing for the installation of new energy efficiency and conservation systems by OAQDA. The hospital estimates the new systems will produces energy cost savings of $116,040 per year. 

See complete article here.


OAQDA Approves $10.5 Million for Energy Efficiency, Conservation Project at Lakeland Community College

Energy improvements at Lakeland Community College's Lake County Campus in Kirkland are estimated to reduce energy usage by 68 percent thanks to $10.5 million in Qualified Energy Conservation Bond (QECB) financing for the installation of new energy efficiency and conservation systems recently approved by the OAQDA. 

Ohio Air Quality Development Authority| 614.224.3383 | www.ohioairquality.org