Knight Investments LLC bolstered support for $19.7 million EPA Recovery Act
PRLog (Press Release) –
Jun 21, 2009 – Knight Investments LLC Officials recognized the need to help boost local economies, create jobs, and look at the over all aging water infrastructure system of North Dakota. Recently KI Officials met with Regulatory Officials on how private sector contributions could help this advancement and strengthen the region.
In a move that stands to create jobs, boost local economies, improve aging water infrastructure and protect human health and the environment, the U.S. Environmental Protection Agency (EPA) has awarded $19.7 million to the State of North Dakota.
“It’s important for private lenders, investors, and individuals in the position to make contributions to our Nation’s infrastructure step up, and ensure appropriations are made.” said Montelly Lopez Jr, on his last trip to a regional convention in Washington.
This new infusion of money provided by the American Recovery and Reinvestment Act of 2009 will help the state and local governments finance many of the overdue improvements to water projects that are essential to protecting public health and the environment across the state.
The Baron of the Republic of Aquitaine also was involved in meetings with Regulatory Officials and affirmed the Republic of Aquitaine’s support for the better development of all economic communities, domestically and abroad.
“EPA is pleased to provide $19.7 million in Recovery Act funds for much needed improvements to North Dakota’s water infrastructure that will benefit the state for decades to come,” said Carol Rushin, Acting Regional Administrator. “This funding will protect public health and improve water quality while creating hundreds of green collar jobs in North Dakota.”
The Drinking Water State Revolving Fund program will receive $19.5 million. It provides low-interest loans for drinking water systems to finance infrastructure improvements. The program also emphasizes providing funds to small and disadvantaged communities and to programs that encourage pollution prevention as a tool for ensuring safe drinking water.
EPA is also awarding $194,300 in Recovery Act funds for Water Quality Management Planning (WQMP) in North Dakota. Planning is an important step in EPA’s goal to improve water quality in America’s lakes, rivers and streams. WQMP grants support a broad range of activities, such as setting standards, monitoring the quality of the water, developing plans to restore polluted waters, and identifying ways to protect healthy waters from becoming polluted. States are also encouraged to use these funds for more innovative planning activities, such as developing plans to adapt to climate change, analyzing trends in water availability and use, and creating low-impact development programs. Grants are awarded to state agencies and some of the funds can be awarded to regional and interstate planning organizations.
An unprecedented $6 billion dollars will be awarded to fund water and wastewater infrastructure projects across the country under the Recovery Act in the form of low-interest loans, principal forgiveness and grants. At least 20% of the funds provided under the Recovery Act are to be used for green infrastructure, water and energy efficiency improvements and other environmentally innovative projects.
Knight Investments LLC Officials and President Jayson Lopez affirmed their company’s desire to help wherever applicable and stated that as funds would become available causes in this region would be looked at.
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Knight Investments LLC works as a private equity firm to invest personal funds on the behalf and promotion of a vibrant community, low income housing, humanitarian causes, renewable energies, real estate developments, and project financing.
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