United States
                      Environmental
                      Protection Agency
                      Washington, D.C. 20460
  Solid Waste
  and Emergency
  Response (5101)
EPA500-F-00-162
May 2000
www.epa.gov/brownfields/
 <>EPA      Brownfields  Cleanup
                       Revolving  Loan  Fund  Pilot
                                                        Winston-Salem,  NC
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

The City of Winston-Salem's economy is tightly tied to
tobacco and textiles. In the 1980s, plant closures and
company  buyouts  brought a series of  economic
setbacks to the City.  As a result, inner-city business
corridors and adjacent neighborhoods have been left
with hundreds of vacant or underutilized properties.
The City's economy is beginning to diversify, but is not
growing as rapidly as the rest of Forsyth County, in part
due to the perception of environmental contamination.
One-third of the City's residents live below the poverty
level.  Winston-Salem's  BCRLF  will target  the
Enterprise Community portion of the City. Winston-
Salem is a Brownfields Assessment Pilot.

BCRLF OBJECTIVES

Winston-Salem's brownfields redevelopment goal is to
revitalize distressed business districts, especially those
in the Enterprise  Community.   Winston-Salem's
BCRLF intends to increase community involvement,
return underutilized sites to productive use, increase
employment and the tax base, reverse disinvestment in
the inner-city, reduce the disparity between urban and
suburban  communities,  and  slow  greenfields
development. The City also has made the hiring of
minorities and disadvantaged residents a BCRLF goal.
PILOT SNAPSHOT
                   Date of Announcement:
                   May 2000

                   Amount: $500,000

                   BCRLF Target Area:
                   Enterprise Community
Winston-Salem, North Carolina
Contacts:

City of Winston-Salem
Business Development Office
(504)363-1505
  Region 4 BCRLF
  Coordinator
  (404) 562-8682
      Visit the EPA Region 4 Brownfields web site at:
     www.epa.gov/region04/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

Winston-Salem's Business Development Office (EDO)
will serve as lead agency.  To serve the role of fund
manager, EDO will be supported by the City's Finance
Department. The City is considering several options for
site manager. The average loan term will not exceed
three years.

LEVERAGING OTHER RESOURCES

Winston-Salem's BCRLF anticipates leveraging other
funding programs. The Business Development Office
leads  or assists  several programs to  aid  distressed
business corridors and neighborhoods. The City aims to
coordinate the BCRLF with other programs relevant to
revitalization including the State Development Zone
program which provides  State  tax credits  and  the
Economic Development Revolving Loan Program. The
City's  EDO also supports small business financing
enabling it to bring appropriate programs together to
make  projects financially feasible, including Federal
grants  and tax incentives, workforce training, Small
Business Administration loans  and guarantees, and
State   and local  programs.  In  addition,  program
administration costs will be absorbed by the City and
the EDO will provide assistance  with identification of
potential borrowers.


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                                             Winston-Salem, North Carolina
May 2000	EPA 500-F-00-162

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