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EDGE reports $1 million EPA brownfields revolving loan; pipeline growing after outreach
Summary
EDGE told the Core City committee the EPA provided a $1 million revolving loan fund for brownfield remediation; roughly $948,000 remained and EDGE reported outreach is increasing interest though earlier pre‑applications failed eligibility checks.
EDGE, the local economic development nonprofit, updated the Core City Neighborhoods and Housing committee on Oct. 1 about a U.S. EPA brownfields revolving‑loan fund it administers and the group’s outreach to build a pipeline of projects.
Dr. Joanne Massey, EDGE president and CEO, said EPA awarded a $1,000,000 revolving loan fund in October 2023 that EDGE will loan to eligible remediation borrowers and re‑loan as repayments return to the fund. "A million dollars doesn't go a long way for this type of cleanup," Massey said, noting…
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