Not an EDA, but can it be?
Q: My site isn’t in an area designated as an Economically Distressed Area (EDA) according to the state, but it seems like it should be. Am I out of luck?
A: It depends… while there are some areas that are correctly not listed as EDAs, there are a number of instances where the list of EDAs has not been updated in a timely manner. That is, a town or city or an area within a town or city may have been designated an EDA since the list on the Department of Environmental Protection (DEP) web site was last published. Cooperstown Environmental LLC maintains a more current list of EDAs than the Massachusetts Department of Environmental Protection; get in touch with us and we can cross reference your site with our list of qualified EDAs.
In addition, there are many towns, areas and/or census tracts that could qualify for EDA status but were never designated as such. Cooperstown has worked with many municipalities on behalf of our clients to add areas to the list of approved EDAs. We can check to see if the area your site is in could qualify as an EDA.
To read more about the topic of economically distressed areas (EDAs), see our blog post at: http://cooperstownenv.com/is-your-brownfields-property-in-an-economically-distressed-area/
Do you think your site would qualify for a brownfield tax credit but is in an area that is not currently an EDA… contact us today!
Want to receive these updates in your email? Contact us at Ask@MrBrownfield.com
“Ask Mr. Brownfield” is a regular column regarding the highly-acclaimed Massachusetts tax credit program for reimbursements of environmental expenses. Jim Curtis is an acknowledged expert with more than 15 years of industry-leading experience and knowledge; Cooperstown Environmental LLC of Andover has completed hundreds of successful applications for its clients.