The Virginia Brownfields Restoration and Economic Redevelopment Assistance Fund (VBAF) and Vermont’s Brownfield Revitalization Fund provide targeted grant support for the remediation and redevelopment of Brownfield sites. Although program structures differ, both are assessed using comparable economic performance indicators, including job creation, property value appreciation, tax revenue generation, acreage remediated or redeveloped, and leveraged investment. This webinar will highlight the two programs, present findings from a recently published Economic Impact Analysis of the first 10 years of VBAF funding, discuss quantitative outcomes and methodological approaches to measuring the effectiveness of Brownfield grant investment, and highlight challenges and limitations associated with quantifying return on investment (ROI).
Speakers:
- Karen Weber, P.G., Virginia Department of Environmental Quality
- Sarah Barlett, Vermont Department of Environmental Conservation
Learning Objectives:
- Review of economic outcomes from grant investment in Brownfield redevelopment on the State level.
- Identify key economic performance indicators related to Brownfields redevelopment.
- Recognize challenges and limitations in quantifying ROI.
- Opportunity for states and tribes to learn about other state Brownfield initiatives and programs.