This grant aims to boost the economic well-being of different areas within the Commonwealth and supports the development and revitalization of sites, whether previously used (Brownfield) or new (Greenfield). It offers financial incentives for TIF (Tax Increment Financing) projects by providing credit support. This helps these projects gain better market access and reduce capital costs by guaranteeing bonds or loans.

Promotes and stimulates the general economic welfare of various regions and communities in the Commonwealth and assists in the development, redevelopment and revitalization of Brownfield and Greenfield sites in accordance with the TIF Act. The program provides credit enhancement for TIF projects… Show More