The Council of Development Finance Agencies (CDFA), a national association dedicated to the advancement of development finance concerns and interests, announced the creation of the Brownfields Project Marketplace (“Marketplace”).
The Marketplace is one component of CDFA’s Brownfields Technical Assistance Program, which is funded by a grant from the U.S. Environmental Protection Agency to provide free assistance to communities throughout the country that are looking to finance the redevelopment of brownfield sites.
Brownfields redevelopment financing solutions are increasingly sought across the country in order to restore contaminated sites and/or to return abandoned industrial land to productive use.
The cleanup and redevelopment of brownfield sites can advance a region’s economy, restore the local environment, and ultimately lead to permanent job creation and greater attraction of external capital to the community.
The Marketplace was created with an understanding that it is often difficult to bring the public- and private-sectors together in the same place, and harder still to have each engage in an open discussion about brownfield projects.
The Marketplace provides an initial platform for those introductions and connections to be made. It also provides communities with a better understanding of the financing resources available to them for their brownfields projects.