Brownfields are real property which contain hazardous substances, pollutants, or contaminants. Cleaning up such land for reinvesting in these properties protects the environment. The US Environment Protection Agency’s Brownfields Program was started in 1995 to empower states and communities to work together in a timely manner to clean up, and reuse brownfields. It is estimated that there are more than 450,000 brownfields in the US. Reinvesting in these properties increases local tax bases, facilitates job growth, apart from improving and protecting the environment.
Small Business Liability Relief and Brownfields Revitalization Act provides certain relief for small businesses and provides financial assistance for brownfields revitalization, to enhance state response programs, and for other purposes.