Brownfields Redevelopment In Connecticut: $20 Million In Funding Available

Yesterday, Gov. Dannel Malloy announced the availability of $20 million in grants and loans to incentivize remediation and brownfield redevelopment in Connecticut. The Connecticut Department of Economic and Community Development (DECD) is accepting applications and will award monies under the Remedial Action and Redevelopment Municipal Grant Program & Targeted Brownfield Development Loan Program.

According to DECD, the program funding will go to eligible applicants for remediation and other cleanup activities at priority brownfield sites throughout Connecticut with a goal to fund approximately 10 new projects.

Program funding is available as follows:

• Municipalities and economic development agencies -- as those terms are defined under Conn. Gen. Stat. §§ 32-760(12) and (6), respectively -- are eligible for grants of up to $4 million per applicant.