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
Wed, Aug 17, 2022, 5:00 pm - 8:00 pm
Town Hall Second Floor Meeting Room
Posted to: Board of Health
Selectboard -- SCHEDULED
Mon, Aug 22, 2022, 6:30 pm
via Zoom
Posted to: Board of Selectmen
Retirement Board -- SCHEDULED
Tue, Aug 23, 2022, 10:00 am - 11:30 am
Town Hall Annex Meeting Room
Posted to: Retirement Board
Wed, Aug 24, 2022, 3:00 pm - 4:30 pm
Zoom or Dial-In - See Agenda
  • Attached File: Capital Improvements Committee 2022-08-24 Agenda
  • Wed, Aug 24, 2022, 6:30 pm - 8:30 pm
    Zoom
    Posted to: Finance Committee