NGA NEWS: PRESS RELEASES

PRESS RELEASES

FOR IMMEDIATE RELEASE
Contact: David Walker
866/342.5642, ext. 153
dwalker@glass.org

Glass Industry Welcomes President’s “Better Buildings Initiative”

Washington, DC (February 4, 2011) – The National Glass Association, the voice of the North American glass industry, believes that the President Obama’s proposed "Better Buildings Initiative", designed to spur a 20% improvement in commercial building energy efficiency by 2020, is an important step toward addressing the current downturn in the construction industry.

The initiative calls for significant reform of current tax incentives for commercial building retrofits and will help spur the private sector into making cost-effective energy-efficiency upgrades that will reduce the nation’s energy bills by as much as $40 billion per year.   The NGA specifically praised the proposal’s plan to convert a key energy-efficiency tax deduction of $1.80 per square foot (known as 179 D) to a tax credit.  The change would effectively double or triple its bottom-line impact, providing a much-needed boost to the glass and glazing industry.

“While we are always mindful that the devil is in the details, we believe passage of the energy-efficiency tax credit provision in the President’s Better Buildings Initiative could hasten a resurgence of commercial construction,” said Phil James, president of the National Glass Association.

James noted that while the shift of the 179 D tax deduction to a tax credit is an important step, the credit should also be made transferable to achieve its full, desired impact.  Because roughly half of all commerical real estate loans are now underwater, the credits will help lower the overall cost of borrowing - which will stimulate growth in our industry.

“We applaud the Administration’s focus on tax incentives rather than regulatory mandates,” said James.  He expressed optimism about the provision’s chance of passage since the tax credit language is included in the massive budget bill the President is sending to Congress.

For more information on the glass industry’s energy-efficiency initiatives, visit www.glass.org

About NGA
Founded in 1948, the National Glass Association is the largest trade association representing the auto and architectural glass, and window and door industries. Based outside Washington, DC, and representing nearly 3,000 member companies and locations, NGA offers certification and education and training, including MyGlassClass.com and MyWindowClass.com – state-of-the-art online training resources. NGA publishes the industry’s leading trade magazines: Glass Magazine® and Window & Door®; and e-newsletters: e-glass weekly™, WDweekly™, and For Technicians Only e-bulletin™. In addition, NGA serves the industry and general public with its Web sites: glass.org, GlassBuildAmerica.com, GlassMagazine.com, WindowandDoor.com, MyAutoGlass.org, and WDDAlliance.org. NGA also hosts the industry’s premier annual trade event: GlassBuild America: The Glass, Window & Door Expo®. The Window & Door Dealers Alliance, an organization for independent window and door dealers, is an initiative of the NGA. For more information on NGA, visit www.glass.org.