Commercial Property Assessed Clean Energy (C-PACE) is an innovative financing solution that makes green energy upgrades accessible and affordable for building owners. It is assessment-based financing that is enabled by Virginia legislation. Where local governments have established PACE programs, property owners may receive PACE loans from private lenders. The City of Fredericksburg has adopted an ordinance to allow C-PACE financing.
Two of Fredericksburg, Virginia’s, six Census tracts are part of the federal government’s exciting new Opportunity Zone and Opportunity Fund program. This program provides investors with yet another great reason to invest in our city.
The Historically Underutilized Business Zones (HUBZone) program, administered by the U.S. Small Business Administration, encourages economic development in designated HUBZones through federal contracting preferences.