'Levelling Up' funding: Sheffield set for share of 1.5bn Brownfield As for Mai, it's unclear how involved he was in the making of the film. RLF programs are designed to operate for many years (possibly decades) and as such, they require long-term resource commitments by the RLF Grant recipient and reporting to EPA, even after the RLF Grant is closed. [6], The firm started as a family office to diversify the capital of James Mai's father. In 2005, Ben Hockett joined as head trader, bringing extensive knowledge of capital markets, derivatives, and fixed income trading. The Bipartisan Infrastructure Law (BIL) allocates over $1.5 billion, administered over five years by the U.S. Environmental Protection Agency (EPA), to brownfield cleanup activities. The EPA estimates that through fiscal year 2020, each $1 of brownfield funding leveraged over $20 in private investment in brownfield sites, and for every $100,000 of brownfields funding, 10+ jobs were created. An applicant may request up to $200,000 to assess a site contaminated by hazardous substances, pollutants, contaminants (including hazardous substances co-mingled with petroleum), and/or petroleum. [1], Cornwall Capital was reported to have become in 2013 the largest shareholder of chemicals manufacturer American Pacific Corporation, a NASDAQ listed US company, with close to 15% of the outstanding stock. Waiver requests must be based on the anticipated level of contamination, size, or status of ownership of the site. Each grant program has its own eligibility criteria and schedule, so it's essential to matcha projects outcomeswith grant requirements. They've Come A Long Way", "American Pacific Corporation, 2013 Schedule 14A Proxy Statement", "American Pacific Announces New Director Nominee and Agreement With Stockholder Cornwall Capital", "HIG Capital to Acquire American Pacific for About $392 Million", https://en.wikipedia.org/w/index.php?title=Cornwall_Capital&oldid=1121685220, Financial services companies established in 2003, Investment companies based in New York City, Articles with unsourced statements from July 2020, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 13 November 2022, at 16:08. They played a significant role in the 2008 financial crisis, which resulted in a massive housing bubble. The BLRF is delivered by the One Public Estate programme which is a collaboration between DLUHC, the Local Government Association and the Cabinet Office. At the federal level, the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA) and the Brownfields Community Reinvestment Act set the stage for brownfields redevelopment.
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