Department of Economic and Community Development fund $7 million in redevelopment projects

HARTFORD, Conn. —  The Connecticut Department of Economic and Community Development (DECD) will award $7 million to 12 brownfield redevelopment and assessment projects to help clean up and assess a total of 462 acres of commercial, industrial and municipal properties.

“Remediating and redeveloping these sites helps jumpstart local economies by rehabilitating areas, putting them back into use for development, and creating jobs for residents,” said Gov. Dannel Malloy. “Over the last few years we’ve made historic investments in remediating contaminated properties for redevelopment, and these additional projects further demonstrate our commitment to our cities and towns.”

Funding will be awarded through the Connecticut Remedial Action and Redevelopment Municipal Grant Program, which provides grants to municipalities and economic development agencies to support remediation, abatement, and demolition activities prior to redevelopment and to conduct environmental site assessments. Goals of the program include augmenting the state’s investment by leveraging the maximum amount of private funds, reactivating long-stalled sites, and encouraging job creation.

Source: CT.Gov

 

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Noah Milligan

Noah Milligan works as a banker by day, specializing in financing commercial real estate and loan workouts on a national platform. By night, he has delusions of becoming the next Cormac McCarthy. His short fiction has appeared or is forthcoming in Empty Sink Publishing, Ridi...