Overall property values will increase. The objective is to make no interest bridge loans to member municipalities and qualified individuals and companies. Expanded funds are possible after the successful implementation of the program. The Valley communities have generated capital and expertise usually acquired only by larger cities. EPA and DEP have been very responsive to Pilot projects.
Additional resources are more likely to be obtained for a continuing regional effort.
Clean Water and HUD Brownfields Economic Development grants can be sought through the Pilot by any member. The Pilot is a working example of regional cooperation and success. Brownfield resources are a vital part of the regional economic incentive package. The Assessment and Cleanup Funds support the state and local Enterprise Zones and tax incentives.