United States
                      Environmental
                      Protection Agency
                      Washington, D.C. 20460
  Solid Waste
  and Emergency
  Response (5101)
EPA500-F-00-149
May 2000
www.epa.gov/brownfields/
 <>EPA      Brownfields   Cleanup
                       Revolving  Loan  Fund  Pilot
                                                               Gloucester, MA
Outreach and Special Projects Staff (5105)
                      Quick Reference Fact Sheet
EPA's Brownfields Economic Redevelopment Initiative is designed to empower states, communities, and other stakeholders
in economic redevelopment to work together in a timely manner to prevent, assess, safely clean up, and sustainably reuse
brownfields. A brownfield is a site, or portion thereof, that has actual or perceived contamination and an active potential for
redevelopment or reuse. EPA is funding: assessment demonstration pilot programs (each funded up to $200,000 over two
years), to assess brownfields sites and to test cleanup and redevelopment models; job training pilot programs (each funded
up to $200,000 over two years), to provide training for residents of communities affected by brownfields to facilitate cleanup
of brownfields sites and prepare trainees for future employment in the environmental field; and, cleanup revolving loan fund
programs (each funded up to $500,000 over five years) to capitalize loan funds to make loans for the environmental cleanup
of brownfields. These pilot programs are intended to provide EPA, states, tribes, municipalities, and communities with useful
information and strategies as they continue to seek new methods to promote a unified approach to site assessment,
environmental cleanup, and redevelopment.
BACKGROUND

Gloucester,  Massachusetts, like many other coastal
cities, is working to rebound from losses suffered in the
commercial  fishing industry. Those losses have had
negative effects on the City's downtown/waterfront
area - the focus area of Gloucester's BCRLF. Due to
a 20 percent decline in the fishing industry that resulted
in a loss of over 3,000 jobs, the City's unemployment
rate is  11 percent.  Over half of the residents of
Gloucester are classified as having low to moderate
incomes.  Gloucester has had two sites assessed under
the Targeted Brownfields Assessment Program - the
Marine Railways site and the Omniwave Electronics
property.

BCRLF  OBJECTIVES

Gloucester's BCRLF  intends to  assist  the  City's
brownfields program in creating jobs, adding revenue
to the City's tax base, and implementing quality of life
improvements. The Gloucester BCRLF is targeting the
City's downtown/waterfront areas. Potential cleanup
sites  include the Marine Railways site, the Linsky
Junkyard, Cape  Ann  Forge, the Gloucester Paint
Factory, and the Omniwave Electronics site.
PILOT SNAPSHOT
                      Date of Announcement:
                      May 2000

                      Amount: $500,000

                      BCRLF Target Area:
                      Downtown/waterfront area
                      Gloucester, Massachusetts
Contacts:
City of Gloucester Community
Development Department
(978) 282-3027
  Region 1 BCRLF
  Coordinator
  (617)918-1210
      Visit the EPA Region 1 Brownfields web site at:
     www.epa.gov/region01/waste/brown/index.htm

   For further information, including specific Pilot contacts,
 additional Pilot information, brownfields news and events, and
 publications and links, visit the EPA Brownfields web site at:
          http://www.epa.gov/brownfields

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FUND STRUCTURE AND OPERATIONS

Gloucester's Community Development Department
will act as the lead agency and fund manager.  The
Massachusetts Department of Environmental Protection
will serve as site manager. The City anticipates making
three to four loans in the initial round of lending.

LEVERAGING OTHER RESOURCES

Gloucester's BCRLF will be integrated with the City's
wide  range of business development  services and
incentives.  Through  the  Community  Development
Department,  Gloucester  offers  a  comprehensive
program of business support services including a tax
increment financing program. Assistance also will be
provided by the  Massachusetts  Industrial Financial
Agency and the Massachusetts Development Financial
Agency. In addition, the City plans to leverage BCRLF
qualified projects with US Department of Housing and
Urban  Development   Section  108  loans  and/or
Community Development Block Grants.
Use of BCRLF Pilot funds must be in accordance with
CERCLA, and all CERCLA restrictions on use of funding
also apply to BCRLF funds.
Brownfields Cleanup Revolving Loan Fund Pilot                                              Gloucester, Massachusetts
May 2000	EPA 500-F-00-149

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