Brownfield Tax Incentive

The Brownfield Tax Incentive encourages the redevelopment of contaminated or underused properties, known as brownfields, by offering financial benefits such as property tax reductions or abatements. These incentives help offset cleanup and renovation costs, making it more appealing for investors and developers to revitalize these sites. The goal is to promote urban renewal, create jobs, and reduce urban sprawl by transforming previously neglected areas into productive spaces, all while improving environmental health and community vitality.