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
Board of Assessors -- CANCELLED
Mon, Dec 12, 2022, 3:30 pm
Second Floor Meeting Room, 1 Avenue A Turners Falls MA 01376
Posted to: Board of Assessors
Mon, Dec 12, 2022, 5:00 pm - 6:00 pm
Zoom (link in agenda)
Posted to: Library Trustees
  • Attached File: 2022-12-12 Building SC Agenda
  • Selectboard Meeting -- SCHEDULED
    Mon, Dec 12, 2022, 6:00 pm
    Via Zoom
    Posted to: Board of Selectmen
  • Attached File: Selectboard 2022-12-12 Agenda
  • Attached File: Selectboard 2022-12-12 Meeting Material
  • Tue, Dec 13, 2022, 6:30 pm - 7:00 pm
    Via ZOOM
    Posted to: Planning Board
  • Attached File: Planning Board 2022-12-13 Agenda
  • Wed, Dec 14, 2022, 3:30 pm - 4:30 pm
  • Attached File: Capital Improvements Committee 2022-12-14 Agenda