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, Apr 26, 2021, 3:30 pm
Assessors office, 1 Avenue A Turners Falls MA 01376
Posted to: Board of Assessors
  • Attached File: Board of Assessors 2021-4-26 Agenda
  • Selectboard Meeting -- SCHEDULED
    Mon, Apr 26, 2021, 6:30 pm
    Via Zoom
    Posted to: Board of Selectmen
  • Attached File: Board of Selectmen 2021-04-26 Agenda
  • Mon, Apr 26, 2021, 6:30 pm - 8:30 pm
    Zoom
    Posted to: Library Trustees
  • Attached File: 2021-04-26 Library Trustees Agenda
  • Retirement Board -- SCHEDULED
    Tue, Apr 27, 2021, 9:30 am
    Zoom https://zoom.us/j/93586349338
    Posted to: Retirement Board
  • Attached File: Retirement Board 2021-04-27 Agenda
  • Planning Board -- SCHEDULED
    Tue, Apr 27, 2021, 6:30 pm - 8:00 pm
    Town Hall 2nd Floor Meeting Room
    Posted to: Planning Board
  • Attached File: posting SP 2022-02
  • Attached File: Planning Board 2021-04-27 2021 Agenda