Industrial Sites Reuse Program

Grant and low-interest loan financing to perform environmental site assessment and remediation work at former industrial sites.

Guidelines:

• ISR Guidelines (Adobe PDF)

Uses:

Phase I, II and III environmental assessments; Remediation of hazardous substances

Funding:

Grants and loans up to $200,000 for environmental assessments; Grants and loans up to $1 million for remediation

Eligibility:

Public entities, private nonprofit economic development entities, and companies involved in reuse of former industrial land; Entities that did not cause or contribute to environmental contamination

Terms:

Interest rates of 2%; Terms up to 5 years for assessments and 15 years for remediation projects; A 25% match is required for grant and loan projects

Where to Apply:

Letter of Intent, Customer Service Center, Electronic Single Application for Assistance

Purpose of Funding:

• Environmental Projects
• Land & Building
• Site Development - Business