Home » OPINION » Columns » New incentives for redevelopment worth a look
Environmental Impact

New incentives for redevelopment worth a look

Several months ago, I wrote an article about the new “All Appropriate Inquiry” (AAI) requirement of the Environmental Protection Agency (EPA). I recommended that you kick the tires, so to speak, on any commercial or industrial property (i.e., brownfields) before you decided to purchase it.

Brownfields are defined as real property where expansion, redevelopment or reuse has been complicated by the presence or potential presence of a hazardous substance, pollutant or contaminant. My previous article dealt with one of the deterrents to brownfield redevelopment, environmental liability. In this one, I plan to focus on some new incentives, namely tax breaks, which are now available.

The Mississippi Brownfields Voluntary Cleanup and Redevelopment Incentives Act (


… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About Contributing Columnist

Leave a Reply

Your email address will not be published. Required fields are marked *