WELD/CELLUCCI ADMINISTRATION AND MASS. ELECTRIC ANNOUNCE 'PROJECT IMPACT'
WESTBOROUGH, Mass., Dec. 10 /PRNewswire/ -- On Dec. 9, Lt. Governor Paul Cellucci and Massachusetts Electric President John Dickson announced "Project Impact," a $1,000,000 public-private joint venture to promote economic development and job creation by lowering energy costs for small and medium-sized manufacturers in the Commonwealth. Cellucci and John Dickson also presented the first "Project Impact" loan for $140,000 to Marc Villa, treasurer of Hardwick Kilns, a lumber company in Hardwick, Mass. "Companies will now be able to upgrade their equipment and modernize manufacturing plants and in the process use less electricity," said Cellucci. "By modernizing plants, manufacturers will become better positioned in the marketplace to compete successfully." The $1,000,000 "Project Impact" revolving loan fund will be made up of matching contributions of $500,000 from the state's Industrial Services Project and Massachusetts Electric. "Massachusetts Electric recognizes that by providing financial assistance in the form of rebates and loans, the participating customer will be able to save significant amounts of their energy costs. The reduction in energy consumption not only improves the economic health of companies but also helps to conserve our precious natural resources by avoiding the need to burn oil and coal in the generation of electricity," said John Dickson. Representatives from Mass. Electric will provide technical assistance, recommending energy efficiency improvements through existing Design 2000 and Energy Initiative programs. Businesses will receive rebates to purchase or upgrade equipment. "Project Impact" will also offer additional financial assistance to companies unable to obtain conventional funding for the energy project. The Industrial Services program will provide assistance with management issues, business planning, marketing, production management, and financial planning. "By helping companies like Hardwick Kilns reduce their energy costs and gain a competitive edge, job retention and future job growth is possible. The Weld/Cellucci administration is committed to projects like this where together the public and private sectors are coming up with innovative solutions to obstacles which inhibit productivity and ultimately job growth," said Secretary of Labor Christine Morris. "Hardwick Kilns will now be able to modernize and make our operation more energy efficient. This will allow us to add jobs over the coming months as well as expand our existing business with Europe and Asia," said Marc Villa. Companies interested in learning more about "Project Impact" should contact their Mass. Electric account representative at any of the company's five district offices located in Worcester, North Andover, Malden, Hopedale and Northampton. -0- 12/10/93 /CONTACT: Donna Rheaume of the Commonwealth of Massachusetts Executive Office of Labor, 617-727-6573/
CO: Massachusetts Electric; Hardwick Kilns ST: Massachusetts IN: UTI SU: PDT
DJ-CM -- NE003 -- 2510 12/10/93 09:10 EST
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|Date:||Dec 10, 1993|
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