Rep. Ashford Announces Over $2M For Local Public & Private Projects
State funds awarded to University of Toledo & local minority-owned business
January 28, 2014
 
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State Rep. Michael Ashford (D-Toledo) announced on Monday that the state has released over $2M to the University of Toledo and Let’s Play School Family Child Care, LLC, a minority-owned local business.


$1.9M was awarded to the University of Toledo’s Campus Energy Cost Reduction project. The project, which involves numerous buildings across all three campuses, will replace outdated energy systems with up-to-date, efficient lighting and temperature control measures. Current building energy systems were installed between 1970 and 1990 and are outdated by current standards.


“Frigid temperatures like we’ve had this winter are a reminder of how important it is to invest in energy-efficient projects,” said Rep. Ashford. “Not only will these improvements drastically reduce UT’s energy consumption, but they will lower the university’s overall utility costs, making the most of taxpayers’ and students’ money.”


Additionally, a $70,000 Minority Business Direct Loan was awarded to Let’s Play School Family Child Care, LLC in Toledo. Let’s Play School intends to purchase a former church building and transition from a home daycare to a full-service child care center. As a result of the project, Let's Play School will create 4 new full-time jobs with average hourly wages of $9. The Minority Business Loan Program provides fixed, low-interest rate loans to certified minority-owned businesses that purchase or improve fixed assets and create or retain jobs.


“Studies show that minority business leaders are less likely to receive small business loans from banks, so public support of certified minority-owned businesses, like Let’s Play School, ensure that economic development opportunities are available to entrepreneurs from all backgrounds,” said Rep. Ashford.

 
 
 
  
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