WASHINGTON — The Building Owners and Managers Association (BOMA) International commends the Obama Administration''s Better Building Initiative, a new program that aims to make commercial buildings 20 percent more energy efficient over the next decade, according to a press release.
The new program includes a number of initiatives designed to increase energy efficiency in commercial buildings, including improved tax incentives, more financing opportunities for commercial retrofits and a training program for commercial building technology workers, the release stated.
The program also includes a "Race to Green" initiative that will offer competitive grants for state and municipal governments that streamline standards, encourage efficiency upgrades and attract private sector investment, the release added.
"We applaud President Obama''s new energy policy to improve energy efficiency in commercial, multi-family and institutional buildings," said BOMA International Chair Ray H. Mackey, Jr., RPA, CPM, CCIM, partner and chief operating officer (COO) of Stream Realty Partners LP.
"The initiative includes the critical business incentives, such as the commercial building tax credit and loan guarantees, that are key to meeting the energy efficiency goals of the plan. BOMA International has been a leader in energy efficiency for years, launching the Seven-Point Challenge in 2007, which asked members to reduce energy consumption by 30 percent by 2012. To date, organizations representing three billion square feet of office space have signed onto the Challenge and are transforming the marketplace," Mackey added.
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