Community Benefits

• Reduces the amount of human exposure to potentially hazardous environmental contaminants
• Encourages productive reuse of blighted properties
• Promotes community revitalization

• Creates employment opportunities

Development Benefits

• Existing infrastructure available on many sites
• Low interest loans for assessment and cleanup
• Increased State Loan Guarantees for improved lending opportunities
• Liability protection
• Regulatory benefits

• Technical Assistance

Financial Incentives

• Financial assistance towards Phase I and Phase II Environmental Site Assessments and remediation
• Façade, landscape, infrastructure and sign improvement grants available for sites located within designated redevelopment districts
• $2,500+ Job Bonus Refund for each new job created by an eligible business on or abutting a site with a Brownfield Site Rehabilitation Agreement.
• State Loan Guarantees for primary lenders up to 50% for Brownfield sites, or 75% if the property is redeveloped as affordable housing, or healthcare facility or provider.
• For sites with a BSRA:
  • 50% Voluntary Cleanup Tax Credit annually on all eligible costs
  • 50% One-Time VCTC on eligible solid waste removal costs
  • +25% additional VCTC on eligible costs when cleanup is complete
  • +25% additional VCTC if the property is redeveloped with affordable housing, or healthcare facility or provider