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Posted On: 6/23/2011
County Awarded $500,000 for Brownfield Redevelopment
FOR IMMEDIATE RELEASE
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Nicole Dailey Jones: (216) 263-4602, (216)338-0863 or firstname.lastname@example.org
CLEVELAND — Cuyahoga County has been awarded $500,000 by the U.S. Environmental Protection Agency to devote to brownfield redevelopment.
The grant will be made available to prospective developers, municipalities, and non-profits through Cuyahoga County’s Brownfield Redevelopment Fund, a revolving loan fund established to help clean up sites contaminated with hazardous substances.
Through the fund, the Cuyahoga County Department of Development awards low-interest loans and grants to encourage redevelopment, reduce neighborhood blight, enhance green space and create jobs. Since 2004, the County has invested more than $3.8 million in 12 projects, leveraging over $25 million in additional project investment. Since 2003, Cuyahoga County has secured more than $38 million in federal and state brownfield funding for projects that have created or retained over 1,800 jobs and increased property values by $11 million.
The fund is administered by the Department of Development’s Brownfield Redevelopment Division. For more information about Cuyahoga County’s efforts to redevelop brownfields, visit www.brownfields.cuyahogacounty.us