RICHMOND, Va. (WFXR) – Last week, Gov. Ralph Northam announced that approximately $1.5 million in Site Remediation Grants from the Virginia Brownfields Restoration and Economic Redevelopment Assistance Fund (VBAF) will be awarded to six localities in parts of the Commonwealth.
The VPAF provides either grants or loans to local governments to restore and redevelop the sites and address environmental problems or obstacles to their reuse in an effort to effectively attract new economic development prospects.
The VBAF is administered by the Virginia Resource Authority and is a partnership between the Virginia Economic Development Partnership and the Department of Environmental Quality.
“Maintaining our status as the best place for business requires having a robust inventory of shovel-ready sites to attract prospective companies. The Virginia Brownfields Restoration and Economic Redevelopment Assistance Fund is a vital resource for restoring brownfields sites, returning them to productive use, and ultimately generating new jobs and investment. We look forward to seeing the economic, environmental, and public health benefits that this funding will bring to these six localities.”Gov. Ralph Northam (D-VA)
Brownfields are properties in which redevelopment or reuse is complicated by the presence of hazardous materials, pollution or containments.
The General Assembly allotted funds for the Fiscal Year 2021 to be used for these grants in amounts of up to $500,000 per site.
These grants will cover efforts that include remediation of a contaminated property to remove hazardous substances and wastes, demolition and removal of existing structures as well as other work necessary to make a site or property usable for new economic development.
In addition to Site Remediation Grants, Site Assessment Grants are available to communities for assistance with environmental and cultural resource site assessments and the development of remediation and reuse plans.
Grant funds are being awarded to the following locations:
- Danville ($500,000)
- Martinsville ($399,000)
- Pulaski County ($260,600)
- Altavista ($181,100)
- Charlotte County ($83,450)
- Crewe [Nottoway County] ($74,600)
For more information about the Virginia Brownfield Restoration and Economic Redevelopment Assistance Fund, click here.
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