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20/20 Vision: PM Contemplates the Year Ahead

The end of one year always invites predictions about the next. In the spirit of the season, we asked leaders from each of PM Environmental’s service lines to offer their views on the year to come. Of course, no one at PM has a crystal ball. What we do have is deep knowledge and extensive…

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Understanding Environmental Acronyms {Infographic}

The field of environmental consulting seems to have an acronym for everything. Even a cursory review of an environmental report reveals a vast array of abbreviated words. Environmental acronyms are used to call out different types of reports such as a Phase I Environmental Site Assessment, which is abbreviated to a Phase I ESA, or…

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Michigan Funding Summary {Infographic}

From leaking underground storage tank systems to waste management and recycling, cleanup costs for blighted and contaminated sites can add up quickly. Luckily, the state of Michigan has a variety of funds available for environmental cleanup which can help offset the costs.  PM Environmental, Inc. (PM) is knowledgeable on all of Michigan’s available funds and has…

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What is Environmental Compliance?

Environmental compliance is essential to the viability of your business. The consequences of overlooking environmental regulations can be severe. But as important as it is, PM Environmental knows that environmental compliance isn’t your company’s primary focus. Fortunately, it’s ours. PM Environmental advises companies large and small on the full spectrum of environmental regulations. Experienced environmental,…

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PM Environmental Clients Awarded $1.5 Million in Brownfield Grants

In June, the United States Environmental Protection Agency (EPA) awarded over $64 million in Brownfield grants to 149 communities across the United States. A Brownfield is classified as real property where the expansion, redevelopment, or reuse may be complicated by the presence or potential presence of a hazardous substance, pollutant or contaminant. According to a…

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What is a Phase I Environmental Site Assessment?

If you are considering purchasing a commercial real estate property, you may have heard the term Phase I Environmental Site Assessment (ESA). So, what is a Phase I ESA? What is the process and why is it important? We break down the specifics regarding the main component of completing environmental due diligence on a property…

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Environmental Due Diligence: Lessons from the Trenches

PM Environmental’s due diligence team shares the advice they give most often, and the consequences of not heeding that advice. Environmental due diligence refers to the steps taken to document and quantify a property’s potential contamination risk. Its centerpiece is the Phase I Environmental Site Assessment (ESA), an independent professional report about the environmental condition…

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SBA Standard Operating Procedure (SOP) Update: Changes Effective April 1, 2019

The Small Business Administration (SBA) recently issued the yearly update to their Standard Operating Procedure (SOP) 50 10 5(K). Included in every version of the SOP are Environmental Policies and Procedures, which must be followed when making a loan using commercial real estate as collateral.  With each SOP revision, PM Environmental carefully reviews the edits…

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Affordable Housing: Low Income Housing Tax Credits

Every year, several PM Environmental (PM) employees work diligently in the spring and fall to complete environmental site assessments associated with affordable housing developers submittal of applications for Low Income Housing Tax Credits (LIHTC) during competitive funding rounds through the Michigan State Housing Development Authority (MSHDA).  According to MSHDA, Michigan’s LIHTC program was developed as…

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Michigan’s Two New Environmental Game-Changers

It’s a new year and there’s big news on the horizon for environmental regulations in Michigan. Two pieces of regulatory legislation passed at the end of 2018 are potential game changers for regulators, property investors, and lenders. They significantly increase available cleanup and Brownfield funding and may impact both cleanup criteria and the means and…

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