New Economic Development Incentive Programs in Montague

On April 12, 2018 the Massachuestts Economic Assistance Coordinating Council Approved 5 Economic Devleopment Opportunity Areas in Montague. This provides the opportunity for several financial incentives through the State Economic Development Incentive Program, including the 10% abandonded building tax deduction.

Also, in April the Turners Falls Census Tract (25011040701) was been nominated to the U.S. Treasury by the Massachsetts Governor's Office for designation as a Federal Opportunity Zone. This program was created as part of the federal Tax Cuts and Jobs Act of 2017.The Opportunity Zone program provides a federal tax incentive for taxpayers who reinvest unrealized capital gains into ‘Opportunity Funds,’ which are specialized vehicles dedicated to investing in low-income areas called ‘Opportunity Zones.’

Contact the Planning Department with any questions about these economic development programs.

Posted: to Board of Selectmen on Tue, May 8, 2018
Updated: Tue, May 8, 2018

Calendar of Events
Mon, May 16, 2022, 6:00 pm - 8:00 pm
see Zoom link attached to the Agenda
Posted to: Board of Health
  • Attached File: Joint BOH and Selectboard Meeting 2022-05-16 Agenda
  • Mon, May 16, 2022, 6:30 pm
    see zoom link under Selectboard Meeting Agenda
    Posted to: Board of Selectmen
  • Attached File: Selectboard 2022-05-16 Agenda
  • Attached File: Selectboard 2022-05-16 Meeting Materials
  • Tue, May 17, 2022, 7:00 am - 7:00 pm
    Posted to: Town Clerk
  • Attached File: Annual Town Election May 17 2022
  • Tue, May 17, 2022, 4:30 pm - 5:30 pm
    Posted to: Energy Committee
  • Attached File: Montague Energy CommitteeAgenda 2022-5-17
  • Wed, May 18, 2022, 5:00 pm - 8:00 pm
    Town Hall Second Floor Meeting Room
    Posted to: Board of Health
  • Attached File: Board of Health 2022-05-18 Agenda