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 Selectboard on Tue, May 8, 2018
Updated: Tue, May 8, 2018

Calendar of Events
Selectboard -- SCHEDULED
Mon, Feb 6, 2023, 6:30 pm
1 Avenue A, Turners Falls and see zoom link under Selectboard Meeting Agenda
Posted to: Board of Registrars
  • Attached File: Selectboard 2023-02-06 Agenda
  • Attached File: Selectboard 2023-02-06 Meeting Material
  • Wed, Feb 8, 2023, 3:15 pm - 4:30 pm
    REMOTE
    Montague EDIC -- SCHEDULED
    Wed, Feb 8, 2023, 5:00 pm - 6:00 pm
    REMOTE
    Posted to: Montague EDIC
  • Attached File: MEDIC 2023-02-08 Agenda
  • Wed, Feb 8, 2023, 5:30 pm
    Town Hall Second Floor Meeting Room and Zoom
    Posted to: Board of Health
  • Attached File: Health Dept Agenda
  • Wed, Feb 8, 2023, 6:00 pm - 8:00 pm
    Zoom
    Posted to: Finance Committee
  • Attached File: Finance Committee 2023-02-08 Agenda
  • Attached File: Finance Committee 2023-02-08 Meeting Materials