C-PACE and Main Street Converge
“Recognizing the potential for C-PACE to help business owners invest in their Main Street properties is the core reason we entered into the partnership with Main Street America,” explained Jessica Bailey, CEO and Co-founder of Greenworks Lending. “Their goal is to connect Main Street businesses with the resources that support vibrant downtown areas – and Greenworks is exactly that. It’s a terrific alignment of mission and we are proud to be a part of the Main Street family.”
In late March, Bailey and members of the Greenworks team attended “Main St. Now,” the national conference of Main Street economic development organizations in Kansas City, Missouri, a C-PACE enabled city and state. Bailey introduced C-PACE to attendees on the opening day and the financing tool remained a topic of discussion throughout the four-day session.
“Stakeholders from across the country were interested in how C-PACE could benefit their communities, while others committed to work with us to bring C-PACE to more places,” recalls Bailey.
“One of the things we know is that building and business owners on main streets are often burdened with high energy costs,” noted Patrice Frey, President and CEO of the National Main Street Center during an interview with Greenworks Lending at the Main Street Now conference. “We see it [C-PACE] helping a community in a few ways. The first is helping building owners and business owners make investments in their older or historic buildings to help improve the efficiency. That’s great for the environment, but it’s also really good for the bottom line. It means money back in their pocket. Those are dollars they can reinvest in their business to expand and create more jobs, or its just improved profitability that they can enjoy,” she concluded.