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EDGE reports limited uptake of $1M EPA brownfields loan fund; county leaders press for targeted outreach
Summary
EDGE said its $1,000,000 EPA revolving loan fund for brownfield remediation has drawn four pre-applications (none eligible yet) and about $33,000 in administrative/marketing draws; roughly $948,000 remained to lend. Commissioners urged more targeted outreach to developers in District 7 and asked for a registry of brownfields.
EDGE (Economic Development Group) updated the Core City committee on a $1,000,000 EPA-funded revolving loan fund for brownfield remediation awarded in October 2023. Dr. Joanne Massey, EDGE’s president and CEO, said the fund is a five-year revolving loan and that EDGE has received four pre-applications that did not meet EPA eligibility requirements but that outreach and a recent "lunch and learn"…
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