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SBA Deputy Administrator to Tour Clean Energy Project in Omaha

Release Date: 
Thursday, April 14, 2011
Advisory Date: 
Thursday, April 14, 2011
Contact: 
Barbara Foster at (402) 221-7212

 

 Innovative local small business, Geothermal Green Team, is keeping America competitive, creating jobs 

OMAHA – The U.S. Small Business Administration’s national Deputy Administrator Marie Johns will visit North Omaha to tour a jobsite of the Geothermal Green Team, a small business that specializes in geothermal technology and clean energy retrofits.  The firm is a subcontractor on a project by the Omaha Economic Development Corporation (OEDC) that will convert The Margaret, a dilapidated apartment building on the historical register, into 16 two-bedroom multi-family units for low and moderate income households. 
 
Innovative small businesses, like Geothermal Green Team, are creating jobs and investing in a clean energy economy, keeping America competitive to win the future. 
 
In Nebraska, geothermal technology has a proven track record in generating significant heating and cooling savings. Future residents of The Margaret will save 30 percent on their energy costs, thanks to the Geothermal Green Team’s work and OECD’s forethought.
 
Since launching the firm in 2008, Geothermal Green Team has been approved for three SBA-backed loans for $883,000.  The company used one of those loans to purchase a new sonic drill, which they expect will generate $1.5 to $2 million in additional revenue.  They have installed their system at more than 200 area locations, including historic Boys Town in Omaha, where they provided geothermal units in 16 homes.
 
WHO: SBA National Deputy Administrator Marie Johns
Tyler Volk & Tim Hutman, co-owners of the Geothermal Green Team, Inc
Mike Maroney, President, OEDC
 
WHAT: Short Tour of the clean energy with press availability
 
WHERE: The Margaret, 2103 N. 16th Street, Omaha
 
WHEN: 10:15 a.m., Thursday, April 21, 2011