Piedmont Triad Regional Development Corporation

CARES ACT RLF

REVOLVING LOAN FUND

DESCRIPTION:THIS ACTION APPROVES AN AWARD IN THE AMOUNT OF $1,000,000 TO THE PIEDMONT TRIAD REGIONAL DEVELOPMENT CORPORATION. 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 PIEDMONT TRIAD REGIONAL DEVELOPMENT CORPORATION TO RE-CAPITALIZE A REVOLVING LOAN FUND AS AUTHORIZED BY CERCLA 104(K)(5)(A)(II) IN THE RECIPIENT'S TARGET AREAS IN NORTH CAROLINA AND VIRGINIA. ACTIVITIES:SPECIFICALLY, THIS AGREEMENT WILL PROVIDE FUNDING FOR THE RECIPIENT TO RE-CAPITALIZE A REVOLVING LOAN FUND FROM WHICH TO MAKE LOANS AND SUBGRANTS TO CLEAN UP BROWNFIELD SITE(S) AND CONDUCT OTHER NECESSARY ACTIVITIES TO PRUDENTLY MANAGE THE REVOLVING LOAN FUNDS (RLF). ADDITIONALLY, THE RECIPIENT WILL COMPETITIVELY PROCURE (AS NEEDED) AND DIRECT A QUALIFIED ENVIRONMENTAL PROFESSIONAL TO OVERSEE THE ENVIRONMENTAL SITE ACTIVITIES, WILL CREATE A COMMUNITY INVOLVEMENT PLAN AND ADMINISTRATIVE RECORD FOR EACH SITE THAT IS REMEDIATED, AND WILL 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 EPA'S ASSESSMENT, CLEANUP AND REDEVELOPMENT EXCHANGE SYSTEM (ACRES). SUBRECIPIENT:PROPOSED SUBAWARDS WILL BE FOR CLEANUP ACTIVITY (LOANS AND OR/SUBGRANTS), AND ADMINISTRATIVE SUPPORT FOR THE PROJECT GOALS. OUTCOMES:FURTHER, THE RECIPIENT WILL ISSUE APPROXIMATELY 4 SUB-AWARDS (LOANS AND/OR SUBGRANTS) TO REMEDIATE BROWNFIELD SITE(S); ANTICIPATES HOLDING REGULAR COALITION MEETINGS, FINALIZING 4 ANALYSIS OF BROWNFIELD CLEANUP ALTERNATIVES, AND SUBMITTING 20 QUARTERLY REPORTS. WORK CONDUCTED UNDER THIS AGREEMENT WILL BENEFIT THE RESIDENTS, BUSINESS OWNERS, AND STAKEHOLDERS IN AND NEAR NORTH CAROLINA AND VIRGINIA.

DESCRIPTION:THIS ACTION APPROVES AN AWARD IN THE AMOUNT OF $1,000,000 FOR THE PIEDMONT TRIAD REGIONAL DEVELOPMENT CORPORATION TO CAPITALIZE A REVOLVING LOAN FUND AS AUTHORIZED BY CERCLA 104(K)(3) THAT WILL IN TURN BE AVAILABLE FOR CLEANUP PROJECTS WITHIN THE JURISDICTIONS OF (A) PIEDMONT TRIAD, (B) THE TRIANGLE J COUNCIL OF GOVERNMENTS (NORTH CAROLINA), AND THE WEST PIEDMONT PLANNING DISTRICT (VIRGINIA). 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. ACTIVITIES:SPECIFICALLY, THIS AGREEMENT WILL PROVIDE FUNDING FOR THE RECIPIENT TO CAPITALIZE A REVOLVING LOAN FUND FROM WHICH 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, WILL CREATE A COMMUNITY INVOLVEMENT PLAN AND ADMINISTRATIVE RECORD FOR EACH SITE THAT IS REMEDIATED, AND WILL 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 EPA'S ASSESSMENT, CLEANUP AND REDEVELOPMENT EXCHANGE SYSTEM (ACRES). SUBRECIPIENT:THE PROJECT SCOPE INCLUDES MAKING LOANS AND SUB-GRANTS THAT WILL BE USED FOR ENVIRONMENTAL CLEANUP PROJECTS. THE ESTIMATED SUBAWARD BUDGET IS $1,075,000 TOTAL, OF WHICH $200,000 WILL BE MET VIA THE REQUIRED COST-SHARE. OUTCOMES:FURTHER, THE RECIPIENT WILL ISSUE APPROXIMATELY 3 LOANS AND 1 OR MORE SUBGRANTS TO REMEDIATE 3 BROWNFIELD SITE(S); ANTICIPATES HOLDING 10 COMMITTEE COMMUNITY MEETINGS, AND SUBMITTING 19 QUARTERLY REPORTS. WORK CONDUCTED UNDER THIS AGREEMENT WILL BENEFIT THE RESIDENTS, BUSINESS OWNERS, AND STAKEHOLDERS IN AND NEAR THE COUNTIES UNDER THE JURISDICTION OF PIEDMONT TRIAD REGIONAL DEVELOPMENT CORPORATION (NORTH CAROLINA), THE TRIANGLE J COUNCIL OF GOVERNMENTS (NORTH CAROLINA), AND THE WEST PIEDMONT PLANNING DISTRICT (VIRGINIA).

PTRDC EDD COVID-19 RESPONSE

THIS INVESTMENT SUPPORTS DEVELOPMENT AND IMPLEMENTATION OF A COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY (CEDS) IN THE REGION SERVED BY PIEDMONT TRIAD REGIONAL DEVELOPMENT CORPORATION WHICH COMPRISES ALAMANCE, CASWELL, DAVIDSON, DAVIE, FORSYTH, GUILFORD, MONTGOMERY, RANDOLPH, ROCKINGHAM, STOKES, SURRY, AND YADKIN COUNTIES. THE CEDS PROCESS IS DESIGNED TO BRING TOGETHER THE PUBLIC AND PRIVATE SECTORS IN THE CREATION OF AN ECONOMIC ROADMAP TO DIVERSIFY AND STRENGTHEN THE REGIONAL ECONOMY.

ATLANTA PARTNERSHIP PLANNING PROGRAM FY 2021

ECONOMIC DEVELOPMENT SUPPORT FOR PLANNING ORGANIZATION

EDD PARTNERSHIP PLANNING

PIEDMONT TRIAD REGIONAL FOOD POLICY COUNCIL

EDD PARTNERSHIP PLANNING