Technology start-ups and entrepreneurs have new friends and supporters in town, as Velocity Venture Capital launches their new Entrepreneur’s Campus and Incubation Center.
The new, high tech campus, on the site of the 102 year old Granite School in Folsom, provides space where start up companies can access facilities, equipment and guidance to grow their businesses.
The City of Folsom is going green on St. Patrick’s Day with the opening of mPOWER Folsom, a green energy financing program for property owners. Through mPOWER Folsom, residential and non-residential property owners can finance energy and water efficiency upgrades on homes and businesses with no money down, and repay the cost over time on their property tax bill.
Examples of projects eligible for mPOWER Folsom financing include heating and air condition upgrades; high efficiency windows, doors and insulation, and cool roofs; as well as water conservation measures such as drip irrigation systems with smart controllers that don’t come on when it rains. Installation of Solar PV can also be financed through the new program. Funding is available for up to 100 percent of the project costs, with terms that are longer than traditional programs (up to 20 years for many improvements) and a low fixed interest rate.