The Philadelphia Authority for Industrial Development (“PAID”) received funding from the USEPA to establish a new revolving loan fund (“RLF”) for brownfield remediation in Philadelphia. The Philadelphia Industrial Development Corporation (PIDC) administers the RLF on behalf of PAID. The revolving loan fund is intended to support brownfield remediation projects within the City of Philadelphia, specifically focusing on the 3,700 acre industrial corridor known as the Lower Schuylkill. PIDC selected Verdantas to provide environmental engineering and professional services for high-quality technical assistance, advisory services, regulatory coordination and project oversight to support the successful administration of the program. Verdantas, in support of PIDC’s administration of the program developed the following: application document templates; assisted with the development and implementation of a marketing program to solicit applications; assisted PIDC with the development of an applicant ranking system; reviewed applicant eligibility based on the requirements of the EPA and PADEP; and provided oversight of awardees, including review of progress reports. Verdantas also completed the reporting required by the EPA’s ACRES system. Verdantas was recently presented with the 2017 Phoenix Award for U.S. EPA Region 3 at the 2017 National Brownfields Conference for our Pennovation Center project performed for the Philadelphia Industrial Development Corporation. The Phoenix Awards are recognized nationally as the award for outstanding achievement of excellence in brownfield redevelopment.

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