Perdue announces plans for green fund
Published: Tue, Dec. 12, 2006 03:45PM
Modified Tue, Dec. 12, 2006 03:46PM
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closeLt. Gov. Beverly Perdue announced plans today for legislation that would create a fund to provide incentives and tax credits to environmentally sustainable energy projects.
The N.C. Green Business Fund would begin with a minimum initial investment of $15 million under Perdue's plan.
Perdue's plan also calls for developing a strategy for directing portions of the state investment portfolio to businesses with environmentally friendly practices and setting efficiency goals for state government agencies.
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"In North Carolina and across America, we see that there is profit in protecting the environment," Perdue said in a release. "North Carolina should be a leader in the green economy."
Perdue will speak tonight at a reception for Greenbridge, an energy-efficient condominium development planned for downtown Chapel Hill.
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