PENNSYLVANIA AWARDS FIRST BROWNFIELDS CLEANUP PERFORMANCE LOAN

The state of Pennsylvania June 13 awarded a first-time brownfields remediation loan that includes performance-based incentives that if met would provide significant financial benefit to loan recipients. The $14 million per year loan program rewards companies for meeting environmental cleanup goals by changing the loan to a grant if these predetermined goals are met within a certain time period. These loans only apply to the remediation of non-hazardous materials. The loans are available to companies willing to assess and remediate...