Ensuring a ready supply of industrial land is an important part of maintaining and encouraging family wage jobs and new economic activity in the state. There are two bills that have been introduced in this legislative session for that purpose. The first would create a partially forgivable state loan program that would help to underwrite the cost of investments needed to bring industrial land to a developable condition.
These investments could include brownfield remediation and infrastructure improvements. The second bill would provide money to local project sponsors to allow them to inventory industrial lands and engage in some due diligence.