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The Tax Increment Financing Advisory Committee negotiate TIF proposals from qualified companies and makes recommendations to the Board of Selectmen and Town Meeting.

Interested companies should contact the Town Manger’s office.
 

Helpful Information:

• Economic Opportunity Area Credit Information
• Property Tax Exemptions to Promote Economic Development ,
  Tax Increment Financing Information

LATEST EDIT (TIF/STA)
ANNUAL REPORTS
 

Current TIF’s

Covidien

Twenty year TIF. Purchase and renovate a 115,000 square foot building for research and development. Tax savings over the period of the agreement estimated to be $1 million.

Medline

Ten year TIF. Construct a new 325,000 square foot warehouse and distribution center. Tax savings over the period of the agreement estimated to be $908,000.

Tyco/Flow Valve

Eighteen year TIF. Relocate business, purchase and renovate a xxx square foot building. Tax savings over the period of the agreement estimated to be $518,000.

Samsonite

Five  year STA. $2 million investment in infrastructure. Tax savings over the period of the agreement estimated to be $285,000.

Hagen

Ten year TIF. Projected $2.5 million in leasehold improvements and capital investment; and creation of 20 new jobs. Tax savings over the period of the agreement estimated to be $90,000.

Medco

Ten year TIF. $3.5 million for land, construction, and equipment; and the creation of 20 new jobs.. Tax savings over the period of the agreement estimated to be $18,000.