Grants Were Issued Under Connecticut’s Neighborhood Assistance Act Tax Credit Program
United Illuminating, Southern Connecticut Gas and Connecticut Natural Gas distributed more than $417,000 in grants aimed at helping community and neighborhood organizations across the state improve energy efficiency and save on energy costs. The three Connecticut subsidiaries of AVANGRID, Inc. (NYSE: AGR), a diversified U.S. energy company, officially awarded the grants to 56 nonprofit organizations during a ceremony at the Energize Connecticut Center in North Haven. The grants, ranging from $3,000 to nearly $14,000, were provided under the auspices of Connecticut’s Neighborhood Assistance Act tax credit program.
“For our nonprofit partners in Connecticut, we know every dollar saved on energy is a dollar that can instead be spent on programs and services in the community, whether they’re training guide dogs for the blind or providing emergency shelter services for women,” said Anthony Marone III, president and CEO of Connecticut operations for Avangrid Networks. “By supporting projects to improve energy efficiency and reduce energy costs, we help our partners achieve ongoing savings so they can devote more resources to their mission.”
Since 2010, the Connecticut AVANGRID companies have awarded more than $2.9 million in grants through the state’s Neighborhood Assistance Act (NAA) Tax Credit Program, which provides a corporate tax credit to encourage businesses to provide financial support to qualified local nonprofit organizations.
Projects supported in 2017 include energy-efficient lighting upgrades for Fidelco Guide Dog Foundation, Inc. in Windsor; window replacements at the Bridgeport Rescue Mission; and improvements at the New Reach, Inc. emergency shelter for women in New Haven. A full list can be found at the Connecticut Department of Revenue Services website, http://www.ct.gov/drs/cwp/view.asp?a=1447&q=266058&drsPNavCtr=|#49985.