LOADA weighs benefits of C-PACE development funding

  • Joel Wiggins (standing), managing partner of the Southern Group of Georgia and a representative of the C-PACE Alliance, addresses members of the Lake Oconee Area Development Authority last Thursday at Farmers & Merchants Bank on Lake Oconee Parkway. Melody Echols, program administrator with Peach State C-PACE, is seated at left. IAN TOCHER/Staff
    Joel Wiggins (standing), managing partner of the Southern Group of Georgia and a representative of the C-PACE Alliance, addresses members of the Lake Oconee Area Development Authority last Thursday at Farmers & Merchants Bank on Lake Oconee Parkway. Melody Echols, program administrator with Peach State C-PACE, is seated at left. IAN TOCHER/Staff

    Members of the Lake Oconee Area Development Authority (LOADA) spent much of their meeting last Thursday at the Farmers & Merchants Bank on Lake Oconee Parkway discussing whether to recommend adoption of a new statewide financing tool designed to spur economic development without using public dollars.

    The tool, known as C-PACE (Commercial Property Assessed Clean Energy), was authorized by the Ge…