What is a green filed project. Iam asking this with repect to new inductriy project.
2006-08-15 04:17:12 · 2 answers · asked by Gops 1 in Business & Finance ➔ Corporations
It's probably environmentally "green". A lot of new legistlation starting to conserve energy in all types of industry. Everything from energy and water consumption to waste materials. If a building is considered "green" there are all types of tax rebates and government assistance they can get.
2006-08-15 05:43:15 · answer #1 · answered by THP 3 · 0⤊ 0⤋
A greenfield project usually refers to a construction project on a piece of 'green' land, meaning land that hasn't been built on before. A brownfield project is a construction project on a previous industrial site. Often times there are tax credits available for brown field development. There wouldn't be credits available for greenfield development because it further damages the environment.
2006-08-15 08:28:29 · answer #2 · answered by Robin A. 3 · 0⤊ 0⤋