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Superfund


   

Redevelopment Economics Impacts

Firestation at Abex

Abex Corp. Superfund site - Portsmouth, Virginia

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National Beneficial Effects

Innovative business owners and organizations reuse Superfund sites for a variety of purposes. Some uses can play a role in economically revitalizing a community. EPA has estimated the national economic benefits of Superfund sites in reuse between 2011 and 2014. In 2014, 450 Superfund sites had available economic data, representing only a percentage of the 850 sites where some kind of reuse is occurring.

Year Number of Superfund Sites in Reuse for which Economic Data has been Collected Number of Businesses Annual Sales Jobs Annual
Employment Income
2011

136

272

$8.8 billion  

24,310

$1.6 billion

2012

284

983

$20.0 billion

46,475

$3.3 billion

2013

364

2,222

$32.6 billion

70,288

$4.9 billion

2014

450

3,474

$31.5 billion

89,646

$6.0 billion

Readily available internet and database sources are utilized to create estimates of national totals related to the beneficial effects of Superfund sites in reuse. Without more extensive research it is not always possible to identify all business names and addresses on site.

Jobs are not the only way communities benefit when Superfund sites are cleaned up. The report What Does the Evidence Say About NPL Listing and Home Prices? Challenges in Applying Property Value Studies to Assess the Benefits of the Superfund Program provides an overview of how cleaning up sites may benefit home prices.

Not all Superfund sites will be reused, and many that are reused won’t generate jobs. Some types of site reuse provide benefits that aren’t easy to quantify, such as pollinator habitats, recreational fields, wildlife sanctuaries, and parks. EPA will highlight these benefits in local economic benefit case studies.

Regional Beneficial Effects

SRI has developed regional economic reports that tell a story about the role of Superfund in each EPA region and the beneficial effects of reusing formerly contaminated properties. These reports summarize economic data collected for Superfund sites within an EPA region. They also highlight successes and put them in the context of aggregated data within the state and EPA region.

Local Beneficial Effects

A local beneficial effects case study gathers more complete information related to reuse, employment and other beneficial economic effects. While national estimates may underestimate jobs, a local beneficial effects case study can obtain detailed information about economic effects for every company present on the site, in addition to unique positive effects provided by particular uses, such as alternative energy.

Each local beneficial effects case study includes a technical appendix that provides an overview of the approaches, assumptions and methodologies used to obtain estimates on local economic benefits.

2011

2012

2013

2014

Archived Reuse Economic Case Studies