Government and Politics
September 16, 2024
From: Vermont Governor Phil ScottMontpelier, VT -- Governor Phil Scott and the Department of Economic Development on Sep 16th, announced the Brownfields Revitalization Fund (BRF) – State Program is investing $1,594,500 to clean up two properties in Bennington and Northfield. Once completed, the projects are poised to bring 64 housing units online.
“Brownfield remediation is not only good for the environment but is also an important tool that can be used to revitalize communities,” said Governor Phil Scott. “These projects will help Northfield and Bennington redevelop vacant sites, create housing units, and bring jobs to their downtowns.”
“These investments are significant for anchor employers and workers alike who are eager to see new housing units become available,” said Economic Development Commissioner Joan Goldstein. “When BRF investments also create space for businesses and important community services, the versatile results have the potential to be transformative for the local economy.”
Below is information on the newly awarded grants from the Brownfields Revitalization Fund – State Program:
Northfield Village Development LLC
650 Main Street LLC
Since the State BRF launched in October 2021, $18.3 million has been awarded to 39 clean-up projects across 11 counties. These projects are expected to create 644 housing units and 693 jobs. Additionally, the investments are projected to leverage $337.5 million in redevelopment funding, ultimately improving 67.59 acres of land.
The Vermont Department of Environmental Conservation is an important partner in brownfield remediation providing expertise and technical assistance for the redevelopment of a contaminated property.
The Brownfields Revitalization Fund promotes the productive reuse of sites that are not fully utilized due to contamination on the site. By providing financial assistance for cleaning up these sites, Vermont continues its commitment to environmental stewardship, community investment, and economic growth.