Brownfields 2000 Revolving Loan Fund Pilot
Fact Sheet
Gloucester, MA
EPA Brownfields Initiative
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.
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
Pilot Snapshot
Date of Announcement: 05/01/2000
Amount: $500,000
Profile: Downtown/waterfront area
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 1 Brownfields Team
EPA Region 1 Brownfields Web site
Grant Recipient: City of Gloucester,MA
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.
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.
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
United States
Protection Agency
Washington, DC 20450
Solid Waste
and Emergency
Response (5105T)
EPA 500-F-00-149
May 00

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.
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.
United States
Protection Agency
Washington, DC 20450
and Emergency
Response (5105T)
Solid Waste
EPA 500-F-00-149
May 00