Brownfield Remediation and Redevelopment

The Port Authority can offer a company seeking remediation of environmental hazards the opportunity to qualify for public funding, with the Port Authority serving as applicant. The company functions as our Development Partner, with control of the property throughout the project. Combined state and federal funding can help make your remediation project a success.

Potential Benefits of Brownfield Redevelopment

• Increased value of formerly idle and actively used property
• Savings from reuse of existing site and infrastructure
• Preservation of remaining arable land
• Increased community green space

Funding Sources for Brownfield Redevelopment

Local

• SCPA Bonds
• Tax-Increment Financing (TIF)
• Remediation Tax credits

State

• Ohio Enterprise Bonds
• Ohio Department of Development Revolving Loan Fund
• Ohio Department of Development 166 Direct Loan
• Clean Ohio Revitalization Fund
• Clean Ohio Assistance Fund

Federal

• Environmental Protection Agency Loans and Grants
• Department of Housing and Urban Development Funding

Case Studies

• Lockheed Martin
• Barberton COAF