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By the Numbers: EGLE approves more than $25 million in brownfield funding in 2024 fiscal year
December 19, 2024
The Michigan Department of Environment, Great Lakes, and Energy (EGLE) approved more than $25 million in brownfield redevelopment funding across the state in the 2024 fiscal year. The money went to 87 projects in 55 communities, drawing capital investment estimated at more than $1 billion.
Brownfield Redevelopment Grant & Act 381 Projects
- Projects: 27
- Number of communities: 22
- Total grants awarded: $15,261,805
- Total EGLE Tax Increment Financing approved: $7,727,655
- Estimated jobs created: 2,289
- Estimated capital investment: $1,136,028,633
Brownfield Site Assessments
- Number of sites: 60
- Number of communities: 39
- Total BSA funding: $2,092,262
Every dollar EGLE awarded in fiscal year 2024 is expected to draw $45 in capital investment. EGLE brownfield incentives help facilitate the redevelopment of contaminated properties, helping to create new jobs and clean the environment. More than half of EGLE’s annual budget supports local projects, protects public health and the environment, and helps create economic growth and jobs for Michigan workers. Redevelopment increases the value of brownfield sites and other nearby properties.
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