Used for Energy Projects, QZAB becomes a 100% grant!
A Unique QZAB Program to make your LEA Energy-efficient & STEM-competitive at NO COST to Your LEA
A WIN-WIN-WIN-WIN QZAB (QZAB + Sustainability) Program
BACKGROUND: NEF Chairman, Dr. Appu Kuttan, was instrumental in getting the Federal QZAB law passed in 1998, ($400 million annually) allowing LEAs to borrow funds for sustainability, STEM etc. at zero interest from banks in exchange for Federal tax credit. This program was terminated by the Congress in 2017.
So, NEF is restarting a $400 Million QZABS (QZAB+ Sustainability) program that provides an LEA with state-of the-art energy equipment, and AI-based energy monitoring. Energy savings will pay the investor group principal + return in 10 years:
WIN for LEA AND STUDENTS:
NO COST for energy equipment and installation and maintenance, and monitoring,
NO COST for a top-rated, proven STEM Academy by NEF and SUNY (State University of NY, the largest university in the U.S.)
GRANTS for technology etc.
WIN for INVESTOR GROUP:
Guaranteed principal payment + return on investment with energy savings, CSR credit, great PR
WIN for ENERGY GROUP:
Payment for services, CSR credits, great PR
WIN for NEF and SUNY:
Fulfillment of NEF-SUNY STEM VISION for AMERICA, namely, preparing ONE MILLION students, especially the disadvantaged and females, for STEM college and STEM career
SELECTION: One LEA with 20,000 students or more from each state