Pennsylvania Treasury Investment Supports First Women-Owned, Solar Energy Company in the Commonwealth

FT. LAUDERDALE, Fla., Sept. 22 /PRNewswire/ -- Community Capital Management today announced that it purchased a Small Business Administration (SBA) loan on behalf of the Pennsylvania Treasury to support American Solar and Environmental Technology, LLC ("ASETsolar"), the first women-owned, solar energy company in Pennsylvania which provides energy audits as well as solar panel construction and installation to residents of the Commonwealth.

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"Pennsylvania has shown tremendous leadership in its push for renewable energy," said Pennsylvania Treasurer Rob McCord. "The loan to ASETsolar is an innovative way for Pennsylvania's Treasury to support continued development of alternative energy and energy-efficient industries in our state."

The loan to ASETsolar is part of the SBA 7(a) program which was established to serve small business borrowers that cannot otherwise obtain private sector financing under suitable terms and conditions. The program is SBA's primary vehicle for providing small businesses with access to credit.

"ASETsolar's goals match Pennsylvania's mandate to develop alternative and renewable energy sources, and equally important, this loan helps create jobs by proving crucial support for a Pennsylvania-based small business," said Treasurer McCord.

"We are extremely pleased to help further the Commonwealth's environmental initiatives through the Pennsylvania Treasury portfolio," said Barbara VanScoy, Senior Portfolio Manager at Community Capital Management. "ASETsolar is helping contribute to the transition from traditional non-renewable sources of energy to a cleaner, more green and more efficient way to supply energy needs."

Community Capital Management is a leading fixed income manager specializing in green fixed income investing. To date, the Firm has invested over $200 million in fixed income investments that finance environmentally sustainable initiatives throughout the United States, including approximately $10 million in green fixed income investments on behalf of the Pennsylvania Treasury portfolio.

About Community Capital Management, Inc.

Community Capital Management is a Fort Lauderdale-based SEC-registered investment adviser. The firm was founded in 1998 by Barbara VanScoy and Todd Cohen and provides fixed income investment services to institutional and individual investors. Its clients include public funds, foundations, financial institutions, religious organizations, mission-related investors, high net worth and individual investors. Community Capital Management manages over $1 billion in assets and offers investors its investment strategy via a separate account or via its mutual fund, the CRA Qualified Investment Fund. For additional information, please contact Jamie Horwitz at [email protected] or visit www.ccmfixedincome.com.

Community Capital Management, Inc. is a Florida-based investment adviser registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940.  Investing involves risk, including possible loss of principal.  Bond and bond funds are subject to interest rate risk and will decline in value as interest rates rise.  Current and future holdings are subject to risk. The security identified and described does not represent all of the securities purchased, sold or recommended for client accounts. The reader should not assume that an investment in the security identified was or will be profitable.  The information provided herein represents the views and opinions of the individual(s) interviewed and are not intended to be a forecast of future events, a guarantee of future results or investment advice.

About The Pennsylvania Treasury

The Pennsylvania Treasury aims to help residents of Pennsylvania achieve financial success while safeguarding more than $120 billion of public funds. In addition, the Treasury Department serves residents through multiple programs including: the Better Choice Program; the Pennsylvania 529 College Savings Program; and the INVEST program.  The Treasury's Unclaimed Property Bureau has returned more than $83 million in unclaimed property to approximately 57,000 owners in 2009 alone. For more information, visit www.patreasury.org.

SOURCE Community Capital Management