a A \ Brownfields 2003 Revolving Loan Fund Grant
Fact Sheet
% New Jersey Economic Development Authority
EPA Brownfields Program
EPA's Brownfields Program empowers states,
communities, and other stakeholders to work together to
prevent, assess, safely clean up, and sustainably reuse
brownfields. A brownfield site is real property, the
expansion, redevelopment, or reuse of which may be
complicated by the presence or potential presence of a
hazardous substance, pollutant, or contaminant. On
January 11, 2002, President George W. Bush signed
into law the Small Business Liability Relief and
Brownfields Revitalization Act. Under the Brownfields
Law, EPA provides financial assistance to eligible
applicants through four competitive grant programs:
assessment grants, revolving loan fund grants, cleanup
grants, and job training grants. Additionally, funding
support is provided to state and tribal response
programs through a separate mechanism.
Community Description
The New Jersey Economic Development Authority was
selected to receive a revolving loan fund grant. The
state, with a population of almost 9 million, is home to
many economically disadvantaged towns and cities
with industrial legacies that have left them riddled with
brownfields. The eleven member cities of the New
Jersey Brownfields Revolving Loan Fund (RLF)
Coalition are among the most distressed cities in the
state and lack the resources to effectively deal with
some of the largest concentrations of brownfields sites
in New Jersey. Member cities include Asbury Park,
Camden, Elizabeth, Long Branch, Neptune, New
Brunswick, Paterson, Perth Amboy, Plainfield,
Pleasantville, and Vineland. The cities of Camden and
Vineland both are located in federally designated
Empowerment Zones, and Camden is one of New
Jersey's two federally recognized Renewal
Communities. Many of these low-income communities
have high unemployment rates, elevated school
drop-out rates, high crime, and an absence of economic
Revolving Loan Fund Grant
$2,000,000 for hazardous substances
EPA has selected the New Jersey Economic
Development Authority for a brownfields revolving
loan fund grant. The grant will be used to capitalize
a revolving loan fund from which the New Jersey
Economic Development Authority will provide loans
and subgrants to conduct cleanup activities. The
Economic Development Authority will provide loans
and subgrants for brownfields cleanup in eleven
economically distressed communities throughout
New Jersey.
For further information, including specific grant
contacts, additional grant information, brownfields
news and events, and publications and links, visit
the EPA Brownfields Web site
(http: //www. epa.gov/brownfields).
EPA Region 2 Brownfields Team
(212) 637-4309
EPA Region 2 Brownfields Web site
Grant Recipient: New Jersey Economic
Development Authority, New Jersey
(609) 292-2072
The information presented in this fact sheet comes
from the grant proposal; EPA cannot attest to the
accuracy of this information. The cooperative
agreement for the grant has not yet been negotiated.
Therefore, activities described in this fact sheet are
subject to change.
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