Partner with Chelmsford
The Rt. 129 Business Amenities Overly District (BAOD) envisions transformational redevelopment of properties and as such the town’s economic development team provides developers and investors with guidance related to project concept, feasibility, and permitting for constructing a new building or modifying an existing building/site.
The Town of Chelmsford is a business-friendly community with Town staff that can provide step by step support for permitting and approvals. Our mission is to ensure that each new, existing and relocating business in the Town has a clear understanding of Town ordinances and local programs available for strategic business planning. We focus on helping businesses avoid unforeseen circumstances during the site development and approval process. The permitting guide offers a strong foundation to make informed decisions and helps to establish meaningful municipal partnerships with local businesses. The Town provides an economic development team with a designated business development person to help your company achieve the highest probability of success. We take pride in our business community and can assist you through the development cycle, from initial discussions to growth and maturation. We would like to learn more about your business interest so that we may guide you through our permitting process, grand (re)opening ribbon cutting and long term sustainability programs. You’ll become connected with the necessary Town Department(s) and approval schedules to include a checklist of permit requirements, licenses, inspections, and fees.
We’re Here to Help
To partner with us, please contact Lisa Marrone, Director of Business Development at 978.244.3303 or firstname.lastname@example.org or Evan Belansky. Director of Community Development, at (978).244.3341 or EBelansky@TownofChelmsford.US.
Town Programs and Services
The Business Development Director maintains a database of properties for sale. In some cases properties are not officially listed for sale but the owner may be interested.
Real Estate Development / Land Development
In cases where a developer / investor is interested in exploring expansions to an existing building or redevelopment / re-use, the Community Development Director can discuss opportunities provided via the Rt .129 Mixed Use Zoning overlay including flexible zoning and expedited and streamlined permitting.
Upon initial engagement with town staff, the Town’s Economic Development Committee (EDC) serves as a forum for a project to be presented to assist in determining how it may fit into the rt. 129 vision. Upon agreement, the EDC will serve in an advocacy role as the proponent moves the project through the permitting process.
Tax Incentives and State Development Programs
The Economic Development Incentive Program (EDIP) Administered by the Mass Office of Business Development
EDIP seeks to create new jobs and help businesses grow. Growth is encouraged by offering credits to lower taxes in exchange for job creation. Economic Development Incentive Program (EDIP) is a tax incentive program designed to foster full-time job creation and stimulate business growth throughout the Commonwealth. Participating companies may receive state and local tax incentives in exchange for full-time job creation, manufacturing job retention, and private capital investment.
Tax Increment Financing (TIF) – The Town and the existing and / or new business agree to a property tax exemption based on a percentage of the value added through new construction or significant improvement for a period of no less than five and no more than twenty years. The benefit is provided based on the project’s need of the incentive in order to make the project happen, and its potential for new investment and job creation.
Special Tax Assessment (STA) – a local Property tax abatement with a minimum duration of 5 years on the full value of existing or proposed building and value of the land. STA Agreements have a State-mandated tax abatement of Year 1 – 100%, Year 2 – 70%, Year 3 – 50%, Year 4 – 25% and subsequent years can be determined by the municipality for Years 5 – 20. The benefit is provided based on the project’s need of the incentive in order to make the project happen, and its potential for new investment and job creation. The STA option is available to property owners. The other options are only available to existing and / or new businesses.
Investment Tax Credit (ITC) – A component offered by the State of MA for projects that include property investment, added manufacturing machinery, and business expansion with job creation and/or job retention. The level of ITC is based upon the overall cost of the project and provides two designations; either 10% tax credit on the overall cost of the project or $30k per each full-time permanent job created during the duration of the tax incentive agreement, whichever is less.
Abandoned Building Tax Deduction – If a project involves the renovation and reuse of an abandoned building where 75% of the space has been vacant for a period of 24 months, the project may be entitled to receive a one-time corporate tax deduction equal to 10% of the cost associated with the renovation of the abandoned building. Massachusetts law allows as a deduction an amount equal to 10% of the costs incurred in renovating qualifying abandoned buildings located in an Economic Opportunity Area (EOA). The buildings must be designated as abandoned by the Economic Assistance Coordinating Council. The renovation deduction may be taken in addition to any other deduction for which the renovation costs qualify. (For example, the depreciation deduction on improvements to property.) This deduction is available for personal income taxpayers (Schedule C or E) or for corporations whose tax liability is determined by net income.
Massworks –partnership grant program between the town and a private development investment that provides a robust and flexible source of capital funds to support and accelerate housing and job growth. Eligible for design, construction, building, land acquisition, rehabilitation, repair and other improvements to publicly-owned infrastructure including, but not limited to, sewers, utility extensions, streets, roads, curb-cuts, parking, water treatment systems, telecommunications systems, transit improvements, public parks and pedestrian and bicycle ways.