Response to Propane Shortage

Monday, January 27, 2014 – Press Release

Madison – After meeting today with representatives from the propane industry and state government officials, Governor Scott Walker instructed the Department of Administration’s Division of Energy Services to release an additional $7 million in energy assistance benefits, for a total of $8.5 million in additional funds, to help support low-income Wisconsin residents who use propane to heat their homes.   The Governor also directed the Wisconsin Economic Development Corporation and Wisconsin Housing and Economic Development Authority to move forward with a combined $8 million in loan guarantee programs to help ensure propane dealers are able to obtain propane on the wholesale market and deliver it to consumers.

WEDC’s guarantee program will provide the lesser of 80% of a new or expanded line of credit or $100,000 per dealer. WEDC has dedicated $5 million to the program, which will expire no later than June 30, 2014.  Further details may be reviewed by going to http://inwisconsin.com/grow-your-business/programs/propane/

If you additional questions about this program of other programs from WEDC, please do not hesitate to contact Bill Steimel @ 920-929-7581 or bill@fcedc.com

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