MA Tax Incentive Plan & Tax Increment Financing Program

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The MA Office of Business Development administers these programs so that municipalities can stimulate economic development by attracting new businesses and encouraging existing businesses to expand. The Town may request designation of an economically distressed area and recommend tax increment financing for projects. There are currently three economic opportunity areas in Town. To date, projects have been approved for Bermer Tool, Optimum, Fused Fiber Optics, Savers Bank, All Seasons Services, and MBS. This program may be right for you if you are an existing business wanting to expand into one of our target areas or are already located in a target area and want to expand. Contact the department at 508-764-5402, or send email.