WebThe Michigan Economic Development Corporation (MEDC) is the State of Michigan's economic development agency and through their Community Development Programs, offer guidance for local-government officials, prospective developers and businesses as they navigate through the Brownfield redevelopment process. Web1. HUD: Brownfields Economic Development Initiative. Brownfields are defined as real properties, the expansion, redevelopment, or reuse, which may be complicated by the presence or potential presence of a hazardous substance, pollutant, or contaminant. (There is some statutory exclusion to this definition). The Brownfields Program is designed ...
Brownfield Redevelopment - Department of Environmental …
WebTax credits of up to 24% for qualifying costs of a brownfield project and 30% if the project meets green building requirements. Tax credits of up to 12% of qualifying costs of a grayfield project and 15% if the project meets green building requirements. Program capped at $15 million per fiscal year with a maximum award per project of $1.5 million. WebNov 20, 2008 · Updated on: May 24, 2024. The term brownfield was originally used in construction and development to reference land that at some point was occupied by a … havoline high mileage 5w30
Brownfield Overview and Definition Brownfields US EPA
WebMar 29, 2024 · The benefits of brownfield redevelopment are extremely compelling. As highlighted in a 2024 EPA report, benefits include increased tax revenue, leveraged private capital, improved public health and environmental quality, reduction in vehicle miles traveled, greenspace preservation, and much more. WebJun 27, 2024 · The Initiative will expand the EPA's Brownfields Economic Redevelopment Program to over 300 municipalities by the year 2000, and pledges to increase Federal support by $700 million. Furthermore, the President's Council on Sustainable Development has called for government at all levels to coordinate with the private sector and citizens to ... WebBrownfield Redevelopment Bonus – Created by the Legislature in 1997 to encourage development of abandoned, idled or underused industrial and commercial sites where expansion or development is complicated by environmental contamination. bosch eco cycle