November 23, 2020
Growth Opps is excited to partner with The George Gund Foundation and community members to bring clean energy solutions to Northeast Ohio. The most recent investment by The George Gund Foundation brings the total clean energy support to $3.55 million. The Hough community within Cleveland has expressed interest in development of a program using solar energy to offset utility bills and create equity in the operations. ABC’s News 5 Cleveland recently reported on the new development.
Excerpt below from ABC News 5 Cleveland article published on November 12, 2020. Read full article here: news5cleveland.com
GO Green Energy solar project could help build wealth and lower utility bills in Hough
By: Kevin Barry
“Redlining made homeownership around Hough nearly impossible for many people, leading to the staggering statistics available today about the differences in wealth and home ownership between white and black families.
That leaves Growth Opportunity Partners (Growth Opps) President and CEO Michael Jeans to look to the sky, using solar energy to start to build the wealth in communities where it didn’t accumulate over time.”
About Growth Opps
At Growth Opportunity Partners (“Growth Opps”), we offer community development capital, services and solutions to growing small businesses, primarily located in underserved, low and moderate income (LMI) communities in Ohio. GO Advisory accesses industry expertise and diverse talent to provide the solutions you need to address challenges your company faces. GO Capital is tailored to fund your business model when you need it. Growth Opps established the GO Green Energy Fund using a Green Bank model that can deploy mission-driven capital to support small-scale commercial, community and industrial solar project development in Ohio.
Company Climate Change Statement
Growth Opps is committed to becoming a leader in environmental sustainability. We believe the risks of climate change warrant the intentional actions of companies, governments, and individuals if we are to make meaningful progress. We believe it is our responsibility as global citizens, to take good care of the planet we inherited – a planet the world’s children will someday inherit, as well. As a result, we are active participants in public discourse, regarding environmental sustainability and actively seek opportunities to support clean, sustainable projects. Environment incubates life. At Growth Opps, we remain committed to improving the quality of life for all persons with a particular sensitivity to under-represented persons and groups.
About The George Gund Foundation
The George Gund Foundation was established in 1952 by George Gund, former chairman of the Cleveland Trust Company. The Foundation funds programs that enhance our understanding of the physical and social environment in which we live and increase our ability to cope with its changing requirements. Grants are made three times a year in the areas of education, human services, economic and community development, environment and arts. Foundation commitments to date have totaled almost $746 million.