•Land Recycling Program (1995) —
offers clients release from liability for approved cleanups and PRPs may
identifies risk-based standards for clean, simplifies the approval process,
and limits future liability when standards are attained.In addition, it provides financial
assistance for assessment and cleanup
Programs Targeted to Brownfield Situations
Sites Reuse Program — provides loans and grants to municipalities and private
entities for site assessment and remediation; maximum of $200,000 for site
assessment, or $1 million for remediation per year;
Development Program — provides public and private developers with grants and
loans for site remediation, clearance, and new construction, up to $1.25
million per project at 3% interest for 15 years.
Inventory Grant (BIG) program — grants up to $50,000 to cities and development
authorities to carry outbrownfield inventories.
to Attract Private Investment to Brownfields
Initiative — state-funded contractors can conduct site assessments and prepare
work plans to promote reuse of abandoned industrial
Opportunity Zones — in newly designated KOZs, all taxes maybe forgiven for up
to 12 years.
Tax Credit Program — a tax credit of $1000 per new job was created for firms
who increase employment by 25 jobs or 20% within three years from start date (with
Benefits/Number of Sites: Over 1,200 sites have entered the program and
1,000 have been completed and approved; over 25,000 jobs