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, Jan 24, 2022, 5:30 pm - 6:30 pm
Zoom link in agenda
Posted to: Library Trustees
  • Attached File: 2022-01-24 Library Trustees Special Services Subcommittee Agenda
  • Selectboard Meeting -- SCHEDULED
    Mon, Jan 24, 2022, 6:30 pm
    Remote Meeting via Zoom or Phone (See Agenda for Login/Dial-in Info)
    Posted to: Board of Selectmen
  • Attached File: Selectboard 2022-01-24 Agenda
  • Attached File: Selectboard 2022-01-24 Meeting Material
  • Mon, Jan 24, 2022, 6:30 pm - 8:30 pm
    Zoom link in agenda
    Posted to: Library Trustees
  • Attached File: 2021-01-24 Library Trustees Meeting Agenda
  • Retirement Board -- SCHEDULED
    Tue, Jan 25, 2022, 9:00 am
    Zoom - see agenda for invitation
    Posted to: Retirement Board
  • Attached File: Retirement Board 2022-01-25 Agenda
  • Tue, Jan 25, 2022, 4:30 pm - 6:00 pm
    ZOOM
    Posted to: Energy Committee
  • Attached File: Montague Energy CommitteeAgenda 2022-1-25