variety of grants and loans are available to assist with brownfield
reuse projects in Vermont. The following summaries generally
describe the type and purpose of the assistance. Links
to more detailed information are provided.
Assistance Program (Grant of Services)
The Vermont Department
of Environmental Conservation provides technical and financial
assistance with environmental site assessment, cleanup planning
and cleanup. All work is paid for by the Department
and performed by pre-qualified contractors. Up to $200,000
here for more information about the Technical Assistance
Revitalization Fund (Grants and Loans)
This fund is administered
by the Agency of Commerce and Community Development in consultation
with the Department. Cleanup grants of up to $200,000
per project are available. Cleanup loans are available in varying amounts depending on project need and the borrower's ability to repay.
Loan terms are 2% fixed for up to 15 years. Loans may
be subordinated and repayment may be deferred to allow time
for project to generate revenue.
here for more information about the Brownfields Revitalization
- Regional Assessment
Program (Grant of Services)
Planning Commissions (RPC’s) provide technical and financial
assistance for environmental site assessment and cleanup planning
to eligible brownfield projects within each region.
Work is paid for by the RPC and performed by pre-qualified
consultants with the Department's project oversight.
here for more information about the Regional Assessment
Cleanup Fund (Grants)
The petroleum cleanup
fund is administered by the Department and provides financial
assistance with costs incurred in connection with accidental
releases from underground and aboveground storage tanks.
here for more information about the Petroleum Cleanup Fund
Community Development Program
Vermont Community Development Program (VCDP) is administered
through the Agency of Commerce and Community Development
and provides grants of up to $750,000 for municipal and
nonprofit development projects. Grants are primarily
available for development activities, but may be also be
utilized for brownfield cleanup, provided assistance from
brownfield specific sources is considered first.
here for more information on VCDP
Economic Development Authority
a Brownfields Reuse Initiative partner, VEDA provides financial
review and loan closing services for all loans processed through
the Brownfields Revitalization Fund. VEDA also manages
a wide range of low-cost lending programs for businesses of
all sizes and has provided over $1.3 billion in financing
assistance to Vermont businesses and entrepreneurs.
here for more information on VEDA
- Federal Assistance
The U.S. Environmental
Protection Agency provides eligible parties with assistance
for environmental site assessment and cleanup.
here for more information on EPA grants