The Brownfields Economic Development Initiative (BEDI)
A brownfield is an abandoned site with actual or perceived contamination that can be redeveloped and reused for commercial, industrial, or residential development. Approximately 450,000 brownfields sites have been identified nationwide. The Brownfields Federal Partnership Action Agenda, announced in November 2002, contains over 100 commitments from 23 federal organizations to help revitalize communities throughout the nation. The Brownfields Federal Partnership Progress Report published in September 2004, states that more than 75 percent of the Action Agenda commitments made by all of the agencies were met. Brownfields Economic Development Initiative (BEDI) grants and Section 108 loans provide funds for property acquisition, environmental cleanup, economic development activities, public infrastructure, and public facilities development. BEDI grants are awarded on a competitive basis to either Entitlement Communities (State or local governments receiving CDBG formula funding) or Non-Entitlement areas via their State's CDBG program office. Grantees receive BEDI grants that are leveraged by Section 108 loan funds. BEDI funds primarily benefit low-income residents in and around brownfields by increasing economic opportunity or stimulating and retaining businesses and jobs that lead to economic revitalization
The Brownfields Federal Partnership Action Agenda, announced in November 2002, contains over 100 commitments from 23 federal organizations to help revitalize communities throughout the nation. The Brownfields Federal Partnership Progress Report published in September 2004, states that more than 75 percent of the Action Agenda commitments made by all of the agencies were met. Brownfields Economic Development Initiative (BEDI) grants and Section 108 loans provide funds for property acquisition, environmental cleanup, economic development activities, public infrastructure, and public facilities development. BEDI grants are awarded on a competitive basis to either Entitlement Communities (State or local governments receiving CDBG formula funding) or Non-Entitlement areas via their State's CDBG program office. Grantees receive BEDI grants that are leveraged by Section 108 loan funds. BEDI funds primarily benefit low-income residents in and around brownfields by increasing economic opportunity or stimulating and retaining businesses and jobs that lead to economic revitalization
Brownfields Economic Development Initiative (BEDI) grants and Section 108 loans provide funds for property acquisition, environmental cleanup, economic development activities, public infrastructure, and public facilities development. BEDI grants are awarded on a competitive basis to either Entitlement Communities (State or local governments receiving CDBG formula funding) or Non-Entitlement areas via their State's CDBG program office. Grantees receive BEDI grants that are leveraged by Section 108 loan funds. BEDI funds primarily benefit low-income residents in and around brownfields by increasing economic opportunity or stimulating and retaining businesses and jobs that lead to economic revitalization
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