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Grant Alert: NJEDA Brownfield loan program

February 15, 2021

APPLICATION DUE DATE: April 13, 2021

MAXIMUM AMOUNT OF FUNDING: $100K – $4M (40% of the actual remediation costs or 40% of the project remediation costs, whichever is less)

LOAN TERMS: 10-year term

The purpose of the Brownfield Redevelopment Incentive is to catalyze more remediation projects, including smaller projects, increase job creation and economic development, and provide for better budget planning:

  • Compensation for remediation of pollutants from the interior and/or exterior of contaminated sites (ex. Asbestos, PCBs, lead paint)
  • Integrating the tax incentive into a project’s financing strategy can enhance project cash flow
  • Protection of human health and the environment, increased tax base, creation of new jobs, utilization of existing infrastructure

Eligible Activities:

  • Soil, groundwater, and infrastructure investigation
  • Hazardous materials assessment and survey
  • Site remediation
  • Hazardous materials or waste disposal
  • Building and structural issues and other soft costs…

Additional Resources:

For more information, please contact Gail Lalla GLalla@tandmassociates.com.
Download a pdf version of this NJEDA Brownfield Grant Alert Flyer.