Page 1 Environmentally-Sustainable Economic Development Investment Programs/Brownfields Redevelopment David R. Ives, AICP Sustainability Coordinator Economic Development Administration US Department of Commerce Washington, DC P: F:

Page 2 EDA provides grant-based investments to units of state and local government and non-profits in communities and regions suffering from economic distress EDA investments are focused on fostering vibrant economic ecosystems to help regions thrive in the global economy EDA targets its investments to promote the attraction of private capital investment and the creation and retention of high-paying, long-term jobs EDA’s economic development programs include strategic planning, technical assistance, and infrastructure construction Strong proponent of environmentally-sustainable economic development as a key driver of economic growth EDA OVERVIEW

Page 3 EDA’S ROLE IN BROWNFIELDS REDEVELOPMENT EDA supports brownfields redevelopment through its existing investment programs; focused on the “back-end” or redevelopment elements of transactions Five of EDA’s investment programs support brownfields redevelopment: 1.Public Works: Supports the construction, expansion or upgrade of public infrastructure and facilities 2.Economic Adjustment: Assists in the design and/or implementation of strategies (e.g., strategy development, infrastructure construction, revolving loan fund capitalization) to assist communities or regions that have experienced or are under the threat of serious damage to the underlying economic base 3.Local Technical Assistance: Focused assistance provided to public and nonprofit leaders to help in economic development decision making (e.g., project planning, impact analyses, feasibility studies) 4.Planning: Assists local and regional organizations (Economic Development Districts, Indian Tribes, and other eligible areas) with their short and long-term planning efforts 5.Global Climate Change Mitigation Incentive Fund (GCCMIF): supports renewable energy, energy efficiency, reuse/recycling/restoration, and green building economic development projects Projects range from small, upfront planning efforts to multi-million dollar infrastructure improvements -- physical infrastructure upgrades, reuse of publicly owned buildings, redevelopment plans, site-specific market feasibility studies, capitalization of RLFs 32% of EDA brownfield investments, FY01–FY10 have gone to rural areas Brownfield-Related Investment Results (FY ) –EDA has invested approximately $285 million in over 260 brownfield redevelopment projects (avg. investment = $1.1 million) –Investment recipients estimate that these brownfield projects will generate almost $6.4billion in private investment and will create over 125,000 new jobs

Page 4 CONTACT David R. Ives, AICP Sustainability Coordinator Economic Development Administration US Department of Commerce Washington, DC P: F: