Brownfields Use Invigoration Land Development Act

H.R. 4586, the Brownfields Use Invigoration Land Development Act, aims to revitalize communities by providing financial incentives for small businesses to move onto "brownfields"—properties that were previously contaminated by hazardous substances but have since been cleaned up. The bill authorizes the Small Business Administration (SBA) to offer grants of up to $200,000 to small businesses and local redevelopment agencies to help cover the costs of redeveloping these sites. Additionally, it increases federal backing for loans and eases investment limits to make it easier for entrepreneurs to secure the capital needed to transform these vacant or underutilized lands into productive business spaces.