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, Sep 20, 2021, 6:30 pm
1 Avenue A, Turners Falls and see zoom link under Selectboard Meeting Agenda
Posted to: Board of Health
  • Attached File: Board of Health 2021-09-20 Agenda
  • Selectboard Meeting -- SCHEDULED
    Mon, Sep 20, 2021, 6:30 pm
    1 Avenue A, Turners Falls and see zoom link under Selectboard Meeting Agenda
    Posted to: Board of Selectmen
  • Attached File: Board of Selectmen 2021-09-20 Agenda
  • Attached File: Meeting Material 2021-09-20
  • Energy Commission -- SCHEDULED
    Tue, Sep 21, 2021, 4:00 pm - 5:30 pm
    Posted to: Energy Committee
  • Attached File: Montague Energy CommitteeAgenda 2021-09-21
  • Wed, Sep 22, 2021, 10:00 am
    Posted to: Board of Selectmen
  • Attached File: article notice STM 10142021
  • Board of Health -- SCHEDULED
    Wed, Sep 22, 2021, 5:00 pm - 6:00 pm
    Town Hall - Upstairs Meeting Room
    Posted to: Board of Health
  • Attached File: BOH Meeting 09-22-2021 Agenda