Brownfield Coalition of the Northeast - Governor Murphy Highlights Brownfields Redevelopment Tax Credit, Launches Loan Program Supporting Brownfields Remediation

Governor Murphy Highlights Brownfields Redevelopment Tax Credit, Launches Loan Program Supporting Brownfields Remediation

12 Apr 2021 11:45 AM | Anonymous member (Administrator)

Murphy Administration promotes redevelopment through tax credits and loans.

In February, Governor Phil Murphy highlighted two programs that will support the transformation of contaminated brownfields into vibrant community assets.G

The Brownfield Redevelopment Incentive will provide tax credits to support brownfields remediation projects and the Brownfields Loan Program makes low-interest loans of up to $5 million available to brownfield redevelopment projects for all aspects revitalization, including assessment, investigation, and demolition.