Energize Phoenix $25M grant announcement
The City of Phoenix was awarded a $25 million federal grant from the U.S. Department of Energy and the American Recovery and Reinvestment Act (ARRA) to launch, in partnership with Arizona State University and Arizona Public Service, “Energize Phoenix” – a project that will save energy, create jobs and transform neighborhoods.
In this video, ASU Vice President of Research and Economic Affairs R.F. Rick Shangraw announces the award and how it was received.
The grant will be used as seed funding to establish a fiscally viable, permanent program that will eventually be expanded throughout the city. Locally, the funds will be leveraged by at least $190 million of additional funding from a combination of banks, local businesses and public partners.