Piedmont Triad Regional Development Corp

Description:this Action Approves an Award in the Amount of $1,000,000 to the Piedmont Triad Regional Development Corporation. Brownfields Are Real Property, the Expansion, Development or Reuse of Which May Be Complicated by the Presence or Potential Presence of a Hazardous Substance, Pollutant, or Contaminant. This Agreement Will Provide Funding Under the Infrastructure Investment and Jobs Act (IIJA) for Piedmont Triad Regional Development Corporation to Re-capitalize a Revolving Loan Fund as Authorized by Cercla 104(K)(5)(A)(II) in the Recipient's Target Areas in North Carolina and Virginia. Activities:specifically, This Agreement Will Provide Funding for the Recipient to Re-capitalize a Revolving Loan Fund From Which to Make Loans and Subgrants to Clean Up Brownfield Site(s) and Conduct Other Necessary Activities to Prudently Manage the Revolving Loan Funds (RLF). Additionally, the Recipient Will Competitively Procure (as Needed) and Direct a Qualified Environmental Professional to Oversee the Environmental Site Activities, Will Create a Community Involvement Plan and Administrative Record for Each Site That Is Remediated, and Will Report on Program Income, Interim Progress, and Final Accomplishments by Completing and Submitting Relevant Portions of the Property Profile Form and Brownfields RLF Form Using Epa's Assessment, Cleanup and Redevelopment Exchange System (acres). Subrecipient:proposed Subawards Will Be for Cleanup Activity (loans and Or/subgrants), and Administrative Support for the Project Goals. Outcomes:further, the Recipient Will Issue Approximately 4 Sub-awards (loans And/or Subgrants) to Remediate Brownfield Site(s); Anticipates Holding Regular Coalition Meetings, Finalizing 4 Analysis of Brownfield Cleanup Alternatives, and Submitting 20 Quarterly Reports. Work Conducted Under This Agreement Will Benefit the Residents, Business Owners, and Stakeholders in and Near North Carolina and Virginia.