As the Covid-19 pandemic continues to wreak havoc on small businesses in Harvard Square, many have found themselves relying on supportive patrons and financial support from the state government to stay afloat.
Square businesses were able to apply for government funding through the Massachusetts Growth Capital Corporation in January. The $668 million small business package â which Governor Charlie D. Baker â79 announced in late December 2020 â prioritized women- and minority-owned- businesses.
Massachusetts Secretary of Housing and Economic Development Michael J. âMikeâ Kennealy wrote in an email that small businesses make up a âfundamental componentâ of the Massachusetts economy.
âAs the largest program of its kind in the country, these grants are vital to supporting small businesses â especially those in communities and neighborhoods that have been hit the hardest by COVID-19,â he wrote.
By State House News Service
Acting quickly on a bill Gov. Charlie Baker signed last month, state officials this week released preliminary guidance applicable in dozens of municipalities that face a new multi-family housing requirement.
The economic development bond bill signed by Baker changes the state s zoning enabling law and requires MBTA communities to have at least one zoning district of reasonable size in which multi-family housing is permitted as of right, according to the state Division of Local Services.
The districts must also meet other multi-family housing criteria, including a minimum gross density of 15 units per acre; not more than half a mile from a commuter rail station, subway station, ferry terminal or bus station; no age restrictions; and suitable for families with children.
Boston developer’s request for $25M tax break denied
Updated Jan 26, 2021;
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This article was first by The Business Journals.
City officials in Dunwoody, Georgia, a suburb of Atlanta, have denied a request for over $25 million in property-tax breaks sought by a Boston-based developer proposing hundreds of apartments, offices, stores and restaurants next to the city’s transit station.
GID Development Group will instead receive about $19 million to support its project, known as High Street. As part of the agreement offered by the city’s development authority, GID would start construction on the first phase by the end of the year.
Denton County Commissioners Court unanimously approved a Tax Abatement/Reinvestment Zone application for Retractable Technologies, Inc. (RTI) earlier this month, allowing a five-year 50 percent tax abatement on real and personal property.
The Little Elm company, a pioneer in providing effective safety syringes with automated retraction syringes and needles, will increase manufacturing capabilities as part of Operation Warp Speed and the upcoming vaccination campaign across the U.S. The U.S. Department of Defense through a Technology Investment Agreement has agreed to fund $53.6 million to increase RTIâs manufacturing capacity for the production of safety needles and syringes for current and future pandemic response.