Industrial Sites Reuse Program (ISRP)
Grant and low-interest loan financing to perform environmental site assessment and remediation work at former industrial sites.
Phase I, II and III environmental assessments; Remediation of hazardous substances
Grants and loans up to $200,000 for environmental assessments; Grants and loans up to $1 million for remediation
Public entities, private nonprofit economic development entities, and companies involved in reuse of former industrial land; Entities that did not cause or contribute to environmental contamination
Interest rates of 2%; Terms up to 5 years for assessments and 15 years for remediation projects; A 25% match is required for grant and loan projects