Town of Cutler Bay Receives Florida League of Cities Environmental Stewardship Award Recognizes government for leadership in establishing clean energy upgrade program

CUTLER BAY, Fla., Aug. 29, 2012 /PRNewswire/ -- Ygrene Energy Fund Florida, a provider of energy upgrade programs for local governments throughout the state, today applauds the Town of Cutler Bay for receiving the Florida League of Cities Environmental Stewardship Award as part of the 2012 Florida Municipal Achievement Awards. The award recognizes Cutler Bay's leadership in supporting economic development, while advancing the region's clean energy goals, through its partnership with Ygrene Energy Fund and six other Miami-Dade County communities to establish the Clean Energy Green Corridor PACE district.

(Logo: http://photos.prnewswire.com/prnh/20111109/LA03200LOGO)

"We are honored to receive this prestigious award, and are looking forward to seeing the lasting positive impacts as we work with building owners, contractors and other stakeholders to reach our clean energy goals," said Edward MacDougall, Mayor of Cutler Bay. "In the spirit of building America, cities must continue leading the way toward economic recovery and energy independence."

The Clean Energy Green Corridor streamlines financing, administration and implementation of renewable energy, energy efficiency and hurricane protection building improvement projects. The groundbreaking program provides commercial and residential property owners with private funding for energy upgrades at no installation cost, repaid through annual property tax assessments. The benefits are enormous: the program is projected to provide economic stimulus of $750 million, create 4,500 jobs that can't be outsourced and reduce emissions of more than 35,000 metric tons of CO2 for the South Florida region.

"This award acknowledges that Cutler Bay and the other cities of the Green Corridor are leading the way in creating sustainable and long-lasting solutions that will create jobs, stimulate the economy, and help move our nation toward energy independence," said Joe Spector, director of operations for Ygrene Energy Fund Florida. "We are excited to be working with local governments and property owners across South Florida to help to improve their communities' environments while improving local property values and reducing energy costs."

About Ygrene Energy Fund Florida
Ygrene Energy Fund Florida, headquartered in Tampa, is the leading developer and administrator of energy efficiency retrofit financing programs throughout the state. In partnership with local municipalities, Ygrene has unlocked $550 million of private funding for affordable, immediately accessible financing for commercial and residential energy upgrades and wind hardening at no upfront costs. Over the next five years, Ygrene-funded renewable energy and efficiency projects are projected to bring more than 8,250 stable jobs and $1.375 billion in economic activity to Florida and nationwide. Learn more at ygrene.us and flgreencorridor.com.

SOURCE Ygrene Energy Fund



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