Economic Target Area Map ....(PDF 355K)
Designation and Goals
Revitalization of the South Hadley Falls has been a long-term goal for community. To further this end, the Selectboard applied for designation of an Economic Target Area (ETA) and an Economic Opportunity Area (EOA). The Economic Target Area was designated by the State’s Economic Assistance Coordinating Council in Spring 2007 and the Economic Opportunity Area was designated by the same Council December 27, 2007.
The Goals of the Economic Target Area for the next five years are:
The designation of the ETA and EOA afford the community the opportunity to offer Tax Increment Financing and Special Tax Assessment Agreements under MGL, Chapter 23A for Certified Projects within the EOA. Additionally, Certified Projects are also eligible for other State Tax Incentives. Projects supportive of the EOA may receive further consideration for grant funds.