This action approves an award in the amount of $1,000,000 to the economic development growth engine industrial development board, tennessee

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 the recipient to capitalize a revolving loan fund (RLF) as authorized by cercla 104(k)(3).activities:specifically, the RLF will be used to make loans and subgrants to clean up brownfield site(s) and conduct other necessary activities to prudently manage the RLF. Additionally, the recipient will competitively procure (as needed) and direct a qualified environmental professional to oversee the environmental site activities; create a community involvement plan and an administrative record for each remediated site; 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 the environmental protection agency's (EPA) assessment, cleanup and redevelopment exchange system (acres) database.subrecipient:subawards will be used for cleanup and redevelopment of brownfield sites. Outcomes:further, the recipient will issue approximately 3 loans and 2 subgrants to remediate 5 brownfield site(s). They also anticipate holding 5 community meetings, finalizing 5 analyses of brownfield cleanup alternatives, and submitting 21 quarterly reports. Work conducted under this agreement will benefit the residents, business owners, and stakeholders in and near memphis and shelby county, tennessee.