Helping Create "Green" Redevelopment
Vermonters are known for their attitudes and practices in environmental stewardship. The Brownfields Initiative is an example of this commitment. The initiative combines the economic development expertise of the Agency of Commerce and Community Development (ACCD) with the environmental experience and technical know-how of the Agency of Natural Resources (ANR).
A brownfield is a property for which expansion, redevelopment or reuse may be complicated due to the presence, or potential presence, of hazardous substances, pollutants or contaminants. Turning these properties into productive, healthy and functionally beneficial community assets is a laudable goal, but it requires the close collaboration of all players involved. ACCD and ANR will work to help you through the clean-up and redevelopment effort.
The Brownfields Revitalization Fund (BRF)
The BRF, administered by ACCD, offers grants and loans for remediation of brownfield sites. The funds are made available to Vermont from EPA and eligible applicants can be private developers, non-profits and municipalities. There is no limit on the size of a loan; it depends on the amount of capital available in the fund. Grants are available to eligible non-profits and municipalities. For an application click here.