SME RETAINED BY INDIANAPOLIS AND THE CITY OF KOKOMO TO MANAGE RLF GRANTS

03.30.15

SME RETAINED BY INDIANAPOLIS AND THE CITY OF KOKOMO TO MANAGE RLF GRANTS

Brownfield clean-ups are crucial to bolstering community revitalization

INDIANAPOLIS, December 2, 2014 – SME, a professional consulting firm for the geosciences, materials and the environment, announced the cities of Indianapolis and Kokomo retained the SME Indianapolis office to manage $1,700,000 worth of revolving loan funding (RLF) grant assets. The City of Indianapolis RLF is for $1,000,000 while Kokomo’s is for $700,000.  

Prior to being retained by Indianapolis and Kokomo for grant management, SME wrote the RLF grant application through the Environmental Protection Agency (EPA) for Kokomo. SME has written or is managing all the existing RLF grants in the state of Indiana. 

RLF grants are an EPA-funded, low-interest loan program designed to assist developers and government agencies facilitate clean-up and redevelopment of brownfields. The EPA uses RLF grants as an economic development tool to promote long-term community revitalization. Once loans are paid, the principal loan amount is put back into the overall fund for use by other borrowers in the community as a source of continuing renewed capital. RLF grants have been leveraged with overwhelming success to stimulate clean-up and redevelopment of blighted areas across the United States.    

About SME:  Soil and Materials Engineers, Inc. (SME) helps build a better world with innovative, practical and sustainable solutions for the natural and built environments through environmental, geotechnical and materials consulting and design services ranging from the Great Lakes region to around the globe. SME’s extensive experience includes pavement engineering, roof design, facility assessments, geotechnical engineering evaluations, environmental assessments, Brownfield redevelopment consulting, and more. The firm is consistently recognized for its pioneering work in transforming blighted and contaminated sites into healthy, productive, and sustainable new uses that contribute to their communities.