26 West Main Street, PO Box 69, Mohawk, New York 13407
About the Brownfields Loan Fund (RLF)
What is a brownfield?
A brownfield is a property, in which the expansion, redevelopment, or reuse may be complicated by the presence or potential presence of a hazardous substance, pollutant, or contaminant. More simply, a brownfield is land (previously developed for commercial or industrial purposes) that has possibly been compromised by something harmful
Why redevelop brownfields?
Brownfield remediation and redevelopment is work, but it brings with it some serious benefits. It can lead to job creation, revitalizing the economy of local communities, and expanding the tax base. Federal and state programs have emerged to help developers with programs that offer technical assistance, liability protection, funding for Environmental Site Assessments (ESA), regulatory guidance, tax incentives, and cleanup.
MVEDD & USEPA Loan Fund
MVEDD was awarded a grant to start a Revolving Loan Fund by the US-EPA. This fund is to be used for remediation of brownfield sites located in the Mohawk Valley (Fulton, Herkimer, Montgomery, Oneida, Otsego, and Schoharie Counties).
For more information, reach out to: hdevitt@mvedd.org