MOKAN and Ygrene Energy Fund to Host Information Session for Minority Contractors

Session Entitled “PACE Financing: Growing Your Business” to Take Place on August 8, 2017 at 4:30 pm

Event is Part of Recent Expansion of the ‘Set the PACE St. Louis’ program, Providing Homeowners Access to Affordable Energy Project Financing while Creating Good-Paying, Local Jobs and Apprenticeship Programs for Minority and Women Contractors 

St. Louis, Missouri, August 7, 2017 – Ygrene Energy Fund, Inc., a leading national provider of PACE (Property Assessed Clean Energy) financing, today announced that it will co-host, with MOKAN, an information session for minority contractors in St. Louis on Tuesday, August 8, 2017 from 4:30–7:30 p.m. at the Set the PACE St. Louis Office located at 1530 South Second Street.

The session, entitled PACE Financing: Growing Your Business, will be held in partnership with MOKAN, a St. Louis local minority contractor association dedicated to workforce development, pre-employment education, and minority contractor development and inclusion. Ygrene’s partnership with MOKAN is helping to drive the program’s expanded minority outreach, workforce training, and apprenticeship programs. 

At the information session, St. Louis contractors can learn more about YgreneWorks™, an award-winning PACE financing program that provides homeowners with 100 percent upfront financing for a wide variety of cost-effective, energy efficiency and renewable energy home improvements. The YgreneWorks program recently came to St. Louis, adding residential financing to Set the PACE St. Louis, which was launched in 2013 and has completed some of the largest commercial PACE projects in the region including comprehensive energy efficiency upgrades on historic buildings and redevelopment of underutilized properties and vacant buildings to help revitalize the region’s urban core. 

“By helping minority contractors nurture and grow their relationships through educational programs and workforce development, MOKAN aims to create win-win scenarios for everyone involved,” said Yaphett El-Amin, Executive Director of MOKAN. “We value the role that PACE plays within and around St. Louis, and look forward to forming partnerships with other organizations who are equally committed to improving the region.”

“Our recent expansion to include residential PACE in St. Louis represented a huge step for this program and we look forward to helping minority contractors make the best use of these programs,” said Byron DeLear of Energy Equity Funding, Program Administrator. “Last year, as part of our plans for growth, we strengthened our partnerships to compose a robust administration team that brings extensive experience with capital markets and residential PACE financing.”

Exceeding $4B in project funding nationally, PACE financing has grown in its appeal due to a track record of attracting private capital (as opposed to taxpayer funds) to power one of the most successful public policy and local economic development initiatives in the United States. More than $3.5B in funding has been for residential properties. This means approximately nine-tenths of the savings, jobs created and environmental benefits realized have been due to homeowners and contractors having access to this innovative financing tool.

Event:             PACE Financing: Growing Your Business, A Minority Contractor Information Session
Date:               Tuesday, August 8, 2017
Time:              4:30 – 7:30 p.m.
Location:       1530 South Second Street, St. Louis, MO 63104
To Register:   RSVP at admin@mokanccac.org or call 314.454.WORK (9675)

About Ygrene Energy Fund

Ygrene Energy Fund is the nation’s leading provider of residential, multifamily and commercial property assessed clean energy financing. The award-winning, privately funded YgreneWorks program provides immediately accessible financing with no upfront payments for energy efficiency, renewables, water conservation, and, in certain areas, hurricane protection, electric vehicle charging stations and seismic upgrades. Ygrene is committed to making it easy for property owners to invest in their future and a healthier environment. Over the next five years, YgreneWorks is expected to create tens of thousands of jobs and invest billions of dollars into local economies. Learn more at ygreneworks.com.

About MOKAN

For more than 39 years MOKAN CCAC has been at the forefront of efforts to provide opportunities for MBE and WBE contractors on construction projects in the St. Louis metropolitan area. Since its incorporation in 1974, its mission was and remains today to serve as an advocate and facilitator for the inclusion of minority and women-owned businesses on construction projects. MOKAN also assists in strengthening the business development of contractors through the MOKAN institute. We do all of this with one single focus: to expand opportunities for growth for minority and women-owned businesses in the construction trades.

Media Contacts
Sloane & Company
Amanda Coyle / Zach Elvove
212-446-1867 / 212-446-1880