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More than two years after Volkswagen agreed to pay $14.7 billion to settle allegations that it installed emissions cheating software in its vehicles, Connecticut is nearly ready to start doling out its portion of the money.
Connecticut will administer nearly $56 million from a $2.9 billion mitigation trust, funded by the settlement and aimed at reducing diesel emissions.
Now, companies, municipalities, and state entities are vying for the first round of that money -- a $7.5 million pot -- that will help green truck and bus fleets with newer, cleaner models or with retooled engines.
The Department of Energy and Environmental Protection (DEEP) expects to announce winners as early as this month.
There’s plenty of competition for the first round. DEEP received 56 applications in late July, seeking more than $32 million -- far more than what’s available -- to support the replacement or overhaul of more than 400 vehicles or engines, with a total value of $77 million.
The largest requests include:
DEEP has yet to decide on how the second round of grant funding will be structured, but the agency expects to announce the next round early next year.
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Read HereThis special edition informs and connects businesses with nonprofit organizations that are aligned with what they care about. Each nonprofit profile provides a crisp snapshot of the organization’s mission, goals, area of service, giving and volunteer opportunities and board leadership.
Hartford Business Journal provides the top coverage of news, trends, data, politics and personalities of the area’s business community. Get the news and information you need from the award-winning writers at HBJ. Don’t miss out - subscribe today.
Delivering Vital Marketplace Content and Context to Senior Decision Makers Throughout Greater Hartford and the State ... All Year Long!
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