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Economic Gardening Initiative /Resiliency /Sustainability Economic gardening is an approach to economic development that seeks to grow) local economies from within The premise is that local entrepreneurs in our member cities create the companies that bring new wealth and economic growth to a region in the form of jobs, increased revenues, and a % ibrant local business sector. The focus of economic gardening is growing and nurturing these local businesses, Lone -term policy positions: Virginia First Cities' efforts to aid member access to program funding to restore and replace aging urban infrastructure has been immensely successful and continues to merit state budget dollars so that we revitalize and sustain our cities as vibrant, healthy places to live and work. • Support an increase to the $2.25 million in each year for Brownfields Restoration and Remediation. • Enterprise Zone Program funding to avoid grant proration to the Real Property- Investment Tax Credit. • Oppose a decrease or further extension of the cap on the Historic Rehabilitation Tax Credit. • Support flood /resilience risk reduction infrastructure projects and aid to localities for tidal and street flooding mitigation efforts including grant matching and Shoreline Assistance Fund. • Support maximum funding for the Storm \A Ater Local Assistance Fund (SLAF). • Support for the Healthy Food Financing and the Grocery Investment Fund to ensure our cities have access to thriving. sustainable grocery, options and that these businesses succeed. New policv positions • Increase funding for the Industrial Revitalization Fund to leverage local and private resources to achieve market driven redevelopment of these structures. This, in turn, will create a catalyst for long -term employment opportunities and on -going physical and economic revitalization. • Support funding of 52,510,000 for a Virginia Gateway Communities Program to leverage stakeholder equity and Opportunity Zone investments with local investments in an organized, intensive and consistent effort to create mixed use and mixed modal spaces reflective of our local communities. Provide $5 million in FY 2020 for the Urban Public- Private Partnership Redevelopment Fund ( §15.2 - 2.115) to provide grants or loans to local governments for assembling, planning, clearing, and preparing sites for redevelopment by private developers.