New Jersey’s Investment in Environmental Reform

May 10

New Jersey’s Investment in Environmental Reform

New Jersey has been awarded grants to help finance improvements to water projects that are essential to protecting public health and the environmental reform. The funds will primarily be used to upgrade wastewater systems throughout the state.  Additionally, the Clean Water State Revolving Fund program, administered by the New Jersey Department of Environmental Protection provided low-interest loans to local governments for water-quality protection projects for the purpose of making improvements to sewer treatment systems, controlling pollution from rain water runoff, and protecting water bodies and estuaries. To date, the EPA has awarded $2.4 billion to New Jersey through these programs, which are funded annually. Interesting fact:  This year, North Arlington, NJ has removed fewer than 10 trees on public property and is initiating a tree-replacement program. As part of a sidewalk program, the city takes older trees that are lifting up the sidewalk or are in the way of the sidewalk, and plants new trees to replace them. Funded by a grant, the plan aims to increase the tree population, improve management of existing trees and examine the cost of a tree inventory. The community is also developing a long range community forest plan to maintain its existing trees. Tips for trees: Keeping baby trees watered is important during the first year. In dry weather watering is needed every 7-10 days. The water should soak into the soil and mulch. Trees can be planted through late spring, when frost is no longer present. Or in the fall before the ground is frozen solid Certified Installers take note: Perma-Liner Industries would like to invite you to our Refresher Training (Perma-Lateral™ specific) that will take place on July 12th and 13th at our Clearwater facility!! Please plan on attending. Register by calling 1-866-336-2568 or Click Here! See you...

Read More

New Jersey’s Infrastructure Financing Program

Jan 25

New Jersey’s Infrastructure Financing Program

The New Jersey Environmental Infrastructure Financing Program is a revolving loan program governed by the New Jersey Department of Environmental Protection – and the New Jersey Environmental Infrastructure Trust, an independent state financing authority. The Financing Program provides loans to local government units for the construction of wastewater treatment facilities, sludge management systems for wastewater and water treatment systems, combined sewer overflow reduction, storm water, and other nonpoint source management projects.  Transmission and distribution systems, storage facilities, and source development. Since the approval of the loan program, more than $1.5 billion in state and federal funds have been awarded. The Financing Program provides zero percent interest rate loans to local government units from the Department for up to half the allowable project costs, and a market rate loan from the Trust for the remaining allowable costs. The Department traditionally provides loans at 0% interest for approximately 20 years for up to onehalf the allowable project costs. The Trust offers loans at about the market rate or less for the remaining allowable project costs, also for a 20year term. Between these two funding sources, the rate on the loans is essentially half the market rate. Approximately $100 million$200 million is available per year. Atlantic City, Here’s a reminder!! Perma-Liner Industries schedule of LIVE DEMOS!!  BOOTH # 3223 @ the world famous WWETT Trade Show!!! Be There! Convention Center 100 South Capitol Ave. Indianapolis, IN 46225 U.S.A Thursday, February 18th 10:00 am: Reinstatement Cutters 10:30 am: Perma-Lateral™ Lining 11:00 am: InnerSeal™ Connection Seal 1:00 pm:   Sectional Point Repair 1:30 pm:   Perma-Main™ Top Gun 2:00 pm:   Perma-Lateral™ Lining 2:30 pm:   Pull-In-Place FRIDAY, FEBRUARY 19TH 10:00 am:  Reinstatement Cutters 10:30 am:   Perma-Lateral™ Lining 11:00 am:   InnerSeal™ Connection Seal 1:00 pm:     Sectional Point Repair 1:30 pm:     Perma-Main™ Top Gun 2:00 pm:     Perma-Lateral™ Lining 2:30 pm:    ...

Read More

The Environmental Infrastructure Financing Program

Dec 14

The Environmental Infrastructure Financing Program

The EIFP (Environmental Infrastructure Financing Program) is a partnership between the New Jersey Department of Environmental Protection and the New Jersey Environmental Infrastructure Trust, providing low-interest loans for environmental infrastructure projects. Since 1988 the clean water and drinking water components of the EIFP have awarded more than $5.7 billion in loans throughout the State.  Recently, 952 of the 1179 funded projects totaling more than $4.6 billion in construction costs have been completed, have initiated operations, and have been administratively closed out; 227 projects totaling slightly more than $1.1 billion in project costs are actively contracting or under construction. Assistance recipients must certify that it has studied cost-effectiveness, and has selected a project with the greatest potential for water reuse, water conservation, and energy conservation. The Department reserved 50% of the available principal forgiveness funds and provide principal forgiveness loans for Combined Sewer Overflow (CSO) abatement projects utilizing green practices (such as green roofs, blue roofs, rain gardens, porous pavement, and other activities that maintain and restore natural hydrology by infiltrating, and harvesting and using stormwater) and for integrated water resources planning. For all new projects, the Financing Package includes an interest-free loan from the Department for up to 75% of the allowable project costs and a market-rate loan from the Trust for the remaining allowable costs. Atlantic City, Perma-liner Industries has some exciting information that must be shared now as time is of the essence! It’s the Section 179 Deduction. This allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. That means that if you buy (or lease) a piece of qualifying equipment, you can deduct the FULL PURCHASE PRICE from your gross income. Give us a call so we can offer you our very best products and services now.  1-866-336-2568/...

Read More