SMPDC Brownfields Program - GSMSummit 2014, Chuck Morgan
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The Southern Maine Planning and Development Commission (SMPDC) has run a Brownfields program since 2004, assessing over 25 sites and securing $4.35 million in cleanup revolving loan funds for various projects. The program aims to promote economic development through strategic partnerships and financing options like tax credits and public-private collaboration. Key projects funded include improvements to the North Berwick Woolen Mill and the South Berwick Public Library.
SMPDC Brownfields Program - GSMSummit 2014, Chuck Morgan
- 1. Southern Maine Planning and Development Commission Chuck Morgan Economic Development Director
- 2. SMPDC Brownfields Program • Started in 2004 with a Hazardous Substance Assessment Grant • $1.4 million in Hazardous Substance and Petroleum Assessment Funds • Completed over 25 Phase I and Phase II Assessments • $4.35 million in Brownfields Cleanup Revolving Loan Funds from regular and supplemental loan funds • Funded seven loan projects and nine subgrants
- 3. Brownfields = Economic Development
- 4. The Straw That Stirs the Drink
- 5. Unique Aspects of SMPDC’s Brownfields Program • Use Assessment Program to “graduate” RLF clients • Actively work with EPA and Maine DEP to make the program user friendly to developers and municipalities • Create a broad portfolio of projects • Focus on projects that support downtown redevelopment efforts
- 6. North Berwick Woolen Mill •MSHA subsidy (soft second) •State Historic Tax Credits •Federal Historic Tax Credits •Tax Increment Financing •MSHA Low Income Housing Tax Credits (4%) •SMPDC EPA Brownfields Grant
- 7. South Berwick Public Library • SMPDC EPA Assessment and RLF funds • Town of South Berwick • Friends of South Berwick Library Fundraising • In-kind services from local businesses
- 8. North Dam Mill •SMPDC EPA Brownfields Revolving Loan fund •Private financing