Governor Glenn Youngkin has announced that $1.76 million in Site Remediation Grants from the Virginia Brownfields Restoration and Economic Redevelopment Assistance Fund (VBAF) will be awarded to six localities. These localities include the City of Danville Industrial Development Authority (IDA), the Town of Floyd, the City of Martinsville, Orange County, the Orange County Economic Development Authority, and the Town of Pound. The VBAF provides grants or loans to local governments to restore and redevelop brownfield sites and address environmental problems or obstacles to their reuse to attract new economic development prospects effectively.
Brownfields are properties in which redevelopment or reuse is complicated by the presence of hazardous materials, pollution, or contaminants. The Site Remediation Grants will cover efforts that include remediation of a contaminated property to remove hazardous substances and wastes, demolition and removal of existing structures, and other site work necessary to make a site or property usable for new economic development.
In addition to Site Remediation Grants, Site Assessment Grants are available to communities for assistance with environmental and cultural resource site assessments and the development of remediation and reuse plans. Since its inception in 2011, the VBAF has awarded over $17.5 million in over 250 grants to restore brownfield sites.
“Redeveloping brownfield sites is a critical step to enhance community infrastructure and effectively attract economic development, and the Virginia Brownfields Restoration and Economic Redevelopment Assistance Fund is an important vehicle that helps localities across the Commonwealth meet this goal,” said Governor Glenn Youngkin.
“Ensuring project-ready sites in every region increases Virginia’s overall competitiveness and prosperity, and VBAF paves a path for economic opportunity in rural communities across the Commonwealth,” said Secretary of Commerce and Trade Caren Merrick.
“Rehabilitating brownfields is an excellent example of how environmental cleanup can go hand in hand with economic development, resulting in improvements for the community and for the Commonwealth,” said Travis A. Voyles, Secretary of Natural and Historic Resources.
For more information on the Virginia Brownfield Restoration and Economic Redevelopment Assistance Fund, visit vedp.org/brownfields.