News

2007 news releases

OAQDA to Issue Bond to Help Reduce Air Emissions at Painesville Auto Shop
Funds will help pay for new facilities at K & S Auto Body

(Columbus) At its June meeting, the Ohio Air Quality Development Authority (OAQDA) approved the issuance of an Air Quality Development Revenue Bond, not to exceed $375,000, to assist K & S Auto Body in acquiring a new paint booth, along with other facilities and equipment to help the Painesville company in reducing air emissions and improving energy efficiency.

OAQDA also approved a small business assistance grant from its Clean Air Resource Center to help pay closing costs associated with the eligible portion of the financed amount.  K & S Auto Body is located at 1450 N. Ridge Rd. in Painesville.

“We are pleased that our bonding capacity enables OAQDA to assist both small and large Ohio companies in their efforts to improve air quality in Ohio, while also improving their internal operations.  The biggest beneficiaries of these undertakings, of course, are the citizens of Ohio,” said Mark R. Shanahan, OAQDA executive director.

Shanahan said OAQDA financing assists a broad variety of Ohio businesses in their efforts to operate in a more environmentally friendly manner.  Those have included auto body shops, dry cleaning stores, printing companies, motor vehicle and air conditioning service repair, and a host of others.

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The Ohio Air Quality Development Authority is a non-regulatory government agency created to help Ohio businesses comply with clean air regulations.  Through its Ohio Coal Development Office, OAQDA also oversees the State of Ohio’s coal research, development, and technology deployment efforts.  Since its creation in 1970, the Authority has provided technical and financial help to hundreds of large and small Ohio businesses, awarding more than $4 billion to finance air quality projects.  For more information about OAQDA and its services, please visit its web site, at www.ohioairquality.org.