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EDGE reports $1 million EPA brownfields revolving loan fund; few applications have met EPA requirements so far
Summary
EDGE told the Core City committee it holds a $1 million EPA revolving loan fund for brownfield remediation and has about $948,000 available; outreach has increased interest but pre-applications have not yet met eligibility requirements.
EDGE, the nonprofit economic-development intermediary, updated Shelby County commissioners on activity for a $1 million Environmental Protection Agency (EPA) brownfields revolving loan fund and outreach efforts to build a remediation pipeline.
Joanne Massey, president and CEO of EDGE, said EDGE received the EPA award in October 2023 and established policies, a board and application procedures. “A million dollars doesn’t go a long way for this type of cleanup,” Massey said, and noted the fund is…
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