What are brownfields?
Brownfields are real property, the expansion, redevelopment, or reuse of which may be complicated by the presence or potential presence of a hazardous substance, pollutant, or contaminant. Often the potential liability associated with contamination complicates business development, property transactions, or expansion on these properties.
Almost every city and county, in both rural and urban areas, has brownfields properties. Cleaning up and redeveloping brownfields properties is necessary to preserve neighborhoods, reduce urban sprawl, and stop the continued development of new industrial and commercial facilities. By investigating and cleaning up a brownfields property and taking care of the site’s potential health or environmental risks, communities can use local land again – producing jobs, increasing the tax base, or adding other benefits such as creating a park or residential area.
The Orlando Economic Enhancement District Program (OEED) is a State of Florida economic development tool encouraging redevelopment of properties by businesses and property owners. OEED is a brownfield designation and includes sites that have the perception of contamination or blight. View/download map of Downtown Economic Enhancement District (OEED).
- Job creation bonus refund of up to $2,500 per job for QTI applicants
- Tax credit of 35% on voluntary cleanup costs (10% additional credit during the final year of cleanup)
- Low-interest loans for the purchase of liens, tax certificates or other claims
- Risk-Based Corrective Action principles
- Sales tax credit on building materials used for the construction of a residential or mixed use redevelopment project
- Up to five years of state loan guarantees of loan loss reserves
- Grants/loans available for cleanup
- The applicant must be located within the Orlando Economic Enhancement District boundary area
- The applicant must not be responsible for the contamination or blight
- The applicant must be expanding or redeveloping property
- For more information, please contact the Business Development Division at 407.246.2821
State of Florida Brownfield Program website: www.dep.state.fl.us/waste/categories/brownfields/