|By Business Wire||
|May 22, 2014 11:29 AM EDT||
Accredited investors can now take advantage of State of Wisconsin Qualified New Business Venture (QNBV) tax benefits from investments made in energybank.
“energybank is now even more attractive to potential investors with our QNBV status,” said Steve Huntington, energybank CFO. “The significance of QNBV is that it provides a one-time 25% direct Wisconsin tax credit, based on the amount of the investment.”
QNBV is an intensive vetting process that only qualified companies can receive.
“QNBV provides significant advantages to Wisconsin-based early investors,” stated Neal Verfuerth, energybank founder and CEO. “energybank has unique capabilities in the lighting and controls industry with its proprietary: thermal management, optical optimization, application engineering and project finance options. 18 patent applications have been submitted to protect its intellectual property with more pending.”
During his 30-plus year career, Neal delivered more than $3 billion in energy savings to more than 10,000 facilities, including 150 of the Fortune 500. His last start up was Orion Energy Systems, which generated $120 million in sales during his final year as CEO.
energybank is a financial services and technical sales organization focused on identifying and bringing the benefits of unique, proven energy efficiencies from lighting and controls to market as predictable, above-average returns to project investors.
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