Brownfield Incentives
There are two types of funding for brownfield projects, State incentives and Federal and State Grant Programs.
State incentives include Tax Increment Financing (TIF) and Single Business Tax Credits (SBT). TIF can be characterized as incentives for eligible activities on a brownfield property, while SBT is for the total investments into the project.
The grants include Assessment Grants and a Revolving Loan Fund Grant (RLF). The assessment grants can be used to pay for all or a portion of the environmental site assessment on a property with suspected petroleum contamination and the RLF is for clean-up activities. In addition, there are numerous other project specific grants available through various State and Federal agencies.
To find out more about each of these incentives please follow the links below.
