energybank receives Qualified New Business Venture certification from State
MANITOWOC, Wis. -- May 22, 2014
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
“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
Guy Peterson, VP Marketing & Corporate Communications
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