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MGCC Compliance

Below, please find communications translated for awardees of the Inclusive Grant Program’s 2023 Funding Opportunity and the Inclusive Recovery Grant regarding grant compliance and reporting.
 

Charter School Loan Guarantee

Through the Massachusetts Charter School Loan Guarantee Fund, we provide guarantees for bank loans or tax-exempt bonds financing the acquisition, construction, or renovation of charter school facilities.

For facilities owned by the school:
For facilities leased by the school:

Export Guarantee

Loan guarantees on working capital lines of credit and other eligible loans.

Other international trade resources available to exporters:

Mortgage Insurance Guarantee

MassDevelopment can provide a guarantee on a portion of a bank real estate loan or tax-exempt bond. Our guarantee covers the difference between a bank’s maximum allowable loan advance rate and up to 100% of the property value, thereby increasing the amount of financing available to your business.

Our mortgage insurance guarantee program offers:

Guarantees are also available for charter school loans, tax-exempt bonds, loans to companies that export products to international markets, and working capital loans to manufacturers.

State Small Business Credit Initiative

MassDevelopment provides loans and guarantees funded through the State Small Business Credit Initiative (SSBCI) to support business investment. Our SSBCI program has a particular focus on SEDI businesses.

Small Business Lending

Term Loans 

Whether you are looking to stabilize or expand your business or are having trouble obtaining traditional financing, our term loans offer you the security of a consistent repayment plan while you increase your cash flow. Loans are often made in conjunction with bank financing and typically, the bank will have a senior position on assets.

Lines of Credit

A line of credit will give your business financial flexibility to meet working capital needs. Lines of credit can renew based on your performance.

Guarantees

We can provide a guarantee to enable banks to make an enhancement to their loan.

Are you looking for a smaller business loan?

Microloan

Our microloans provide financing from $5,000 to $100,000 for Massachusetts small businesses to assist with working capital, or the purchase of furniture, fixtures, supplies, materials, and/or equipment.

Eligible Businesses:

Loan Terms:

Requirements:

Need help with a microloan?
Connect with a member of our team. Email microloans@massdevelopment.com.

Frequently Asked Questions

Small Business Resource Directory

Find expert guidance to help your business grow. This directory connects small businesses with nonprofit partners funded through MassDevelopment’s Small Business Technical Assistance (SBTA) program. Whether you need support with business planning, marketing, financial management, permitting, or access to capital, these organizations offer hands-on assistance tailored to businesses with fewer than 20 employees and annual revenue under $2.5 million.

Other Massachusetts small business resources can be accessed here!

Bond Sale Announcements

Nothing at this time.
               

 

Predevelopment & Consulting

MassDevelopment can bring expertise to a community or nonprofit’s planning or predevelopment project with trained staff that have valuable experience and project management skills. Occasionally funds are available to supplement your early-stage project, but more typically, we will work with you to define a budget from a third-party source or your existing project funds. Services include:

Vetted Consultants

MassDevelopment has a pool of third-party consultants, publicly procured to secure qualified and experienced vendors, under contract and ready to move forward on your next project. Consultants were chosen based on relevant experience, consulting capacity, and diverse business enterprise participation.

Straight Forward Contracting

As a state agency, the contracting process with MassDevelopment is easy and straight forward. We will work with you and one of our qualified house doctor consultants to provide a scope of services for your project and include it in our standard MOA. There is no need to go through an RFP process or draft your own contracts.

Project Management Assistance

We will work closely with you every step of the way and can take on administrative responsibilities as necessary including contract administration and the processing and payment of project invoices.

Site Readiness

The Site Readiness Program, administered by MassDevelopment, aims to increase the state’s inventory of large, well-located, project-ready sites; to accelerate private-sector investment in industrial, commercial, and mixed-use projects; and to support the conversion of abandoned sites and obsolete facilities into clean, actively used, tax-generating properties.

Eligible Applicants include municipalities, municipal agencies or authorities, economic and industrial corporations, economic development authorities, and nonprofit entities.

What makes a good project?

MassDevelopment will be accepting applications for funding in the eligible use categories described in the program guidelines and summarized below: 

Site Preparation 
Predevelopment and Permitting 
Review Criteria

Grant Terms and Conditions

Grantees are required to execute a standard grant agreement. The agreement provides that in most instances, the grant will be repaid from any net land sale proceeds, long-term lease revenue, or refinancing proceeds. If a grant does not result in new revenues, there is no repayment obligation. 

How to Apply

The Site Readiness Program is part of the Community One Stop for Growth, a single application portal and collaborative review process of community development grant programs that makes targeted investments based on a Development Continuum. For those projects selected, MassDevelopment will be part of your team – providing our expertise and project management skills.

Real Estate Services

MassDevelopment’s Real Estate Services Technical Assistance program advances local economic development goals in cities and towns across Massachusetts. These projects enable municipalities to explore the development potential of key properties, address streetscape and infrastructure needs, and plan for growth. Through a combination of in-house expertise and contracts with consultants, MassDevelopment collaborates with municipal officials, planners, local stakeholders, and others to address site-specific and district-wide economic development challenges.

What makes a good project? 

Technical Assistance proposals must be tied to either the redevelopment of public surplus property or district redevelopment planning.

Public Surplus Property

Public surplus property projects help a community find a new use for a property that results in redevelopment and accomplishes one or more of the following goals: 

Project examples:

Future municipal use planning i.e., town offices, community centers, parks, is not an eligible use of funds. However, if the future use is still be determined then Real Estate Services can explore a wide range of reuse options through community engagement activities.

District Redevelopment Technical Assistance

Early-stage projects to spur economic development activities within a commercial, industrial, or mixed-use district that should accomplish one or more of the following goals:  

Project examples: 

To be competitive, a district should have public surplus property and/or underutilized properties within the area.   

How to Apply

Real Estate Services Technical Assistance is part of the Community One Stop for Growth, a single application portal and collaborative review process of community development grant programs that makes targeted investments based on a Development Continuum. Municipalities, municipal agencies, and other public entities can apply for RES Technical Assistance funding through the One Stop portal. 

For those projects selected, MassDevelopment will be part of your team – providing our expertise and project management skills.

Planning & Predevelopment

MassDevelopment collaborates with municipal officials, planners, local stakeholders, and others to provide technical assistance aimed at addressing site-specific and/or district-wide economic development challenges. With our in-house expertise and access to third-party consultants, we can provide creative solutions and feasible steps for municipalities and other public and nonprofit entities to effectively address planning and predevelopment projects. Our team functions as your project manager guiding you through feasibility analyses, community engagement, master planning, and implementation strategies.

Information and strategies to implement surplus property reuse and district tools.
Completed Project Reports

Development

As the state’s land bank, MassDevelopment is empowered to acquire, redevelop, and convey surplus or blighted federal and state properties in an effort to maximize job creation, expand the local tax base, and increase the availability of housing in coordination with local economic priorities. 

We have a strong record of catalytic development projects that have converted underutilized buildings and parcels into revitalized downtown commercial and mixed-use buildings, office parks and housing. While our work spans the entire state, we place an emphasis on Massachusetts’ 26 Gateway Cities – former industrial centers that are home to diverse communities, businesses and institutions that anchor regional economies.

State Piers

In 1990, MassDevelopment embarked on redevelopment of the Jodrey State Fish Pier in Gloucester under a long-term ground lease which allowed the agency to invest in and redevelop the property. As a critical marine industrial asset owned and previously managed by the Massachusetts Department of Conservation and Recreation, the agency has seen a high occupancy and use of the property since its engagement despite the challenges that the commercial fishing industry has faced.

Based on MassDevelopment’s success in Gloucester, it was determined that the New Bedford and Fall River State Piers would also benefit from the agency’s stewardship, and in 2017, the agency entered into a management and operations agreement for both properties, adding oversight of domestic and international cargo operations and passenger ferry services to our responsibilities. Additionally, the Schooner Ernestina, a National Historic Landmark and gift of the Republic of the Republic of Cabo Verde, makes her homeport at the New Bedford State Pier.

Teamed with a staff of professionals in both real estate and the marine industry sector, the agency continues to invest in these critical marine assets as we look to the economic impact that such assets continue to produce for the Commonwealth of Massachusetts.

Brownfields Assessment

Understanding how to best advance a potentially contaminated site is complicated. Awards from the Brownfields Redevelopment Fund allow development teams to hire Licensed Site Professionals who can help them understand and navigate the standards required to return properties to active use.

To apply for funds, businesses, nonprofits, municipalities, and economic development organizations must have site control and evidence of the right to enter the site to perform environmental testing.

They must also have not: (a) owned or operated the site at the time the contamination occurred; (b) caused or contributed to the contamination; (c) a business or familial relationship with the contaminator; (d) any outstanding administrative or judicial enforcement actions against their Massachusetts properties; nor (e) access to the Underground Storage Tank Fund.

Proposed redevelopment projects must result in at least one of the following public benefits: job creation, job retention, economic or physical revitalization, or creation/rehabilitation of housing.

Cultural Facilities Fund Feasibility

Administered jointly with the Massachusetts Cultural Council, this program is an initiative to increase public and private investment in cultural facilities that are 501(c)(3) organizations engaged in the arts, humanities, or interpretive sciences.

Feasibility & Technical Assistance grants for the overall planning and feasibility of a proposed eligible project require a match by contributions from the private or public sector. Any of the following would qualify for consideration:

TDI Districts

Recurring Opportunities

Businesses and organizations can submit applications for the following opportunities to be reviewed on a case-by-case basis.

Early Education and Out of School Time (EEOST) Small Grant Program

The EEOST provides grants of $200,000 - $499,999 to tax-exempt nonprofit corporations, as defined by M.G.L. c. 180, and to organizations in which a non-profit corporation has a controlling interest, to develop or improve a child care facility in which at least 50% of the child care enrollment consists of low-income families who are eligible to receive public subsidy. Funding can be utilized for rehabilitation that may include but is not limited to major systems replacement, reconfiguration of classrooms, administrative and staff spaces, and the redesign and renovation of outdoor space.

Projects in all of the categories above may be considered for eligibility for a shortened minimum grant term, a modified grant recapture schedule and a waiver of the Land Use Restriction recording requirement outlined in 606 CMR 15.04(2)(e), and/or the Mortgage Lien requirement outlined in 606 CMR 15.04(2)(f) if they can substantiate that their proposed project promotes the health and safety of children and staff.
 

Family Child Care Capital Grant Program

The grant application period has closed and all awards for the latest round of funding have been distributed. This program is no longer accepting applications.

A competitive program administered in conjunction with the Department of Early Education and Care (EEC), the program provided funding for projects that are “fixed and integrated” into the physical environment and critical to helping providers achieve the following objectives:

Questions can be directed to the Help Desk at 833-600-2074 or emailed to eecgrantsupport@mtxb2b.com.

Small Business Technical Assistance Grant Program

The Small Business Technical Assistance (SBTA) Grant Program supports Massachusetts-based nonprofit organizations that provide technical assistance and business support services to small and microbusinesses. Eligible applicants include certified Community Development Corporations (CDCs), certified Community Development Financial Institutions (CDFIs), and other nonprofit organizations with established community-focused small business assistance programs.

The program is designed to help nonprofits deliver services that strengthen businesses with:

For FY27, grants of up to $150,000 are available to support programming that promotes business growth, stability, job creation, and local economic development. Program goals include:

Biz-M-Power

The deadline to submit an application has passed.

This funding opportunity is available for businesses with fewer than 20 employees and no more than $2.5 million in revenues. Biz-M-Power makes available matching grants to growth-oriented qualifying businesses. The program aims to help small and microbusinesses offset the costs of acquisitions, expansions, improvement or lease of a facility, purchase or lease of equipment, and other capital needs. Businesses interested in applying will have to show the required 20% of the owner’s funds available at the application point to be considered.

Applicants needing support to fill out the application and gather required documents are encouraged to reach out to one of our non-profit partner organizations. Our nonprofit partner organizations can provide tailored guidance and advice to ensure that applications are submitted in accordance with grant program guidelines.  

Cultural Facilities Fund

Administered jointly with the Massachusetts Cultural Council, this program is an initiative to increase public and private investment in cultural facilities that are 501(c)(3) organizations engaged in the arts, humanities, or interpretive sciences. Three types of grants are available:

  1. Capital Grants for the acquisition, design, construction, repair, renovation, and rehabilitation of a cultural facility.
  2. Feasibility and Technical Assistance Grants for the planning and assessment of a cultural facility.
  3. Systems Replacement Grants for 20-year capital needs assessments of buildings and mechanical systems.

Eligible facilities include:

Additionally, these facilities must be:
To be eligible, public, or private institutions of higher education that own cultural facilities must:
To be eligible, facilities owned by municipalities must be at least:

All grants require a match by contributions from the private or public sector.

Brownfields Redevelopment Fund

Finances the environmental assessment and remediation of brownfield sites. Eligible applicants include community development corporations, nonprofit organizations, EDICs, and municipalities and their agencies for publicly owned sites with an identified developer. Applicants have a redevelopment project that will commence site work and construction within a short period of time; have a demonstrated immediate funding gap in the development budget; and provide a substantial public benefit to the community they are in by eliminating blight, through the creation of employment or housing opportunities. Awards of up to $250,000 in site assessment funding, and/or up to $750,000 in remediation funding are available.

Lending Capital Matching Grant Program

This grant program empowers certified Community Development Corporations, certified Community Development Financial Institutions, and SBA microlenders to increase access to a range of business loan products to local small and microbusinesses across Massachusetts. Qualifying certified nonprofit community lenders can apply for funds provided that their proposed lending advances growth and stability for businesses with fewer than 20 employees and no more than $2.5 million in revenues.  This grant program runs as a single application funding opportunity with the Microlending Operations Support Grant Program.

Microlending Operations Support Grant

Empowers certified Community Development Corporations, certified Community Development Financial Institutions, SBA microlenders, and United States Department of Agriculture Microlenders to increase access to loan-readiness technical assistance to local small and microbusinesses across Massachusetts. This funding opportunity supports the lending operations of qualifying community lenders providing services to businesses with fewer than 20 employees and no more than $2.5 million in revenues.  This grant program runs as a single application funding opportunity with the Lending Capital Matching Grant Program. 

Community Health Center Grant Program

MassDevelopment's 2025 Community Health Center Decarbonization Planning Grant Program application process is now closed. Designed to assist eligible Community Health Centers in advancing towards reducing their carbon emissions, this planning assistance will be offered in partnership with our technical assistance provider, PowerOptions.  

Community One Stop for Growth

MassDevelopment manages several programs that are part of the state’s single application portal and collaborative review process of community development grant programs – making targeted investments based on a development continuum. Developers, nonprofit partners, and municipalities can apply for funds to advance projects that address housing shortages, eliminate blight, and stimulate local economies.

Underutilized Properties Program

Targets underutilized, abandoned, or vacant properties.

What makes a good project?

A good project provides public purpose in one or more of the following categories: creating jobs, driving innovation, eliminating blight, increasing housing production, supporting economic development projects, increasing the number of commercial buildings accessible to persons with disabilities, conserving natural resources through targeted rehabilitation, and/or reuse of vacant and underutilized property owned by the applicant.

While a particular application may not satisfy every criterion, application review is based on the totality of the facts and circumstances. Review criteria assesses the likelihood that the use of the requested funding will advance a project towards increased public benefits:

Brownfields Funding

Available to municipalities seeking environmental assessment or remediation of municipally owned or controlled sites without an identified developer.

What makes a good project?

Environmental site assessment or remediation activities provided with the help of the Brownfields Redevelopment Fund can benefit a blighted and/or vacant site, controlled by the community, which has the potential for redevelopment – eventually returning the site to a property tax producing asset for the community.

Site Readiness Program

Aims to increase the state’s inventory of large, well-located, project-ready sites; to accelerate private-sector investment in industrial, commercial, and mixed-use projects; and to support the conversion of abandoned sites and obsolete facilities into clean, actively used, tax-generating properties.

What makes a good project?

Funding from the Site Readiness Program is meant to support a municipality’s efforts to support new, large-scale private development that can result in direct economic impact to the community in terms of new commercial, industrial, or mixed-use development. Projects that result in at least 50,000 square feet of commercial, industrial, or mixed-used development are most competitive.

Real Estate Services

Advances local economic development goals in cities and towns across Massachusetts – enabling municipalities to explore the development potential of key properties, address streetscape and infrastructure needs, and plan for growth.

What makes a good project?

Proposals must represent the redevelopment of public surplus property or district redevelopment planning. 

Public Surplus Property

Public surplus property projects help a community find a new use for a property that results in redevelopment and accomplishes one or more of the following goals: 

Project examples:

Future municipal use planning is not an eligible use of funds. However, if the future use is still to be determined, we can help explore other reuse options through community engagement activities.

District Redevelopment

Early-stage projects to spur economic development activities within a commercial, industrial, or mixed-use district to accomplish one or more of the following goals:  

Project examples:

To be competitive, a district should have public surplus property and/or underutilized property within the area.

TDI Equity Investment Program

The TDI Equity Investment program is a significant real estate-specific tool in the TDI district toolkit and is now part of the Community One Stop for Growth. The program supports the catalytic transformation of commercial properties in and around TDI districts. Through the program, MassDevelopment invests in near-term projects that activate ground-floor and commercial spaces that will have significant economic impact within a TDI district; are consistent with state and agency priorities; engage and build capacity in local communities and with partners; catalyze market demand and support TDI district goals; and lack other sufficient funding sources to proceed.

TEFRA Hearing Notices

November 5, 2026

 

About TEFRA

MassDevelopment holds public hearings in connection with its bond financings, when and as required by Section 147(f)(2)(B)(i) of the Internal Revenue Code. These hearings are commonly known as TEFRA Hearings, since they were instituted by the federal Tax Equity and Fiscal Responsibility Act of 1982 (“TEFRA”). The purpose of the TEFRA hearing is to receive comments, if any, from interested parties on matters regarding the issuance of bonds and the location and nature of the project for which the bond funds will be allocated. A TEFRA hearing must be held before the Governor can approve the issuance of tax exempt debt by MassDevelopment on behalf of the borrower who will repay the bond. All TEFRA hearings are held by teleconference using a toll free telephone number that can be found in the hearing notice posted on this website for the particular bond issuance.

Prior to the meeting, written comments may be provided to MassDevelopment, Attn: Investment Banking, 99 High Street, Boston, MA 02210, in lieu of attending the meeting. Persons desiring to participate at the public hearing must make a written request at least 24 hours prior to the hearing by email to tefrahearinginfo@massdevelopment.com or by mail to:

MassDevelopment
Attn: TEFRA Hearings
99 High Street, Boston, MA 02110

Accessibility at Our Locations

If you need an accommodation to participate in a MassDevelopment meeting, event, or program, please call 617-330-2000 or email board@massdevelopment.com. Please request accommodations as soon as possible but no later than 48 hours before a scheduled event so that we can have adequate time to accommodate your needs. Click here to view our Accessibility Policy.

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Municipal Parcel Database

Access interactive GIS property maps, assessor tax maps, and parcel data listed by municipality across Massachusetts.

Disclaimer: The GIS data listed here is not stored, maintained, or updated by MassDevelopment.

Language Access Plan

The Massachusetts Development Finance Agency (“MassDevelopment”) Language Access Plan responds to the recognition by the Commonwealth Office of Access and Opportunity that language for non-English speakers and limited English proficient (“LEP”) individuals may pose a barrier to accessing important services or understanding other important information provided by MassDevelopment. Accordingly, the MassDevelopment Language Access Plan addresses the components of the Language Access Policy Implementation Guidelines, August 1, 2010 (the “Guidelines”) below.

Language Access Coordinator

As provided by Section IV(b)(1) of the Guidelines, MassDevelopment has designated Amanda Wall as its Language Access Coordinator.

Needs Assessment

The Guidelines require that each agency conduct a needs assessment addressing certain minimal actions. See Guidelines, Section IV(b)(2). As required by the Guidelines, MassDevelopment conducted a needs assessment of its agency based on the programs MassDevelopment administers. As required by the Guidelines, MassDevelopment’s assessment: (1) identifies the various services provided by the programs under MassDevelopment jurisdiction; (2) identifies the make-up of the population that is served by each MassDevelopment program; (3) identifies points of contact between MassDevelopment and the public and all potential language or language related barriers to MassDevelopment services; and (4) identifies existing staff who are able to deliver services in a language other than English.

I.  Identify the various services provided by the programs under MassDevelopment jurisdiction.

MassDevelopment is the Commonwealth’s economic development and finance authority. MassDevelopment is committed to achieving three goals: stimulating business, driving economic growth, and helping communities thrive across Massachusetts. MassDevelopment’s work in finance and development impacts many facets of the Massachusetts economy in cities and towns across the Commonwealth. Priorities include providing low-cost and creative financing options for a range of organizations, sustainably redeveloping surplus properties, transforming the Commonwealth’s Gateway Cities, and promoting the Massachusetts manufacturing and defense sectors. MassDevelopment primarily interacts with municipal officials and employees and representatives of the for-profit businesses and non-profit organizations that seek its assistance.

Finance Programs

The Investment Banking group at MassDevelopment issues tax-exempt and taxable bonds on behalf of manufacturers, non-profits, affordable rental housing developments, for certain Commonwealth infrastructure financing programs and the PACE energy efficiency program. Tax credits for low income housing can accompany bond financings.

The Lending Department offers loans and loan guarantees to small businesses, non-profits, real estate development projects, emerging technology companies, exporters, charter schools.

The Community Development Department oversees grants to non-profit cultural facilities, community health centers, and municipalities and certain non-profits for Brownfields cleanup.

The Manufacturing Futures Program offers Innovation Grants to Massachusetts manufacturers, as well as grants to organizations that encourage training in manufacturing fields.

The New Markets Tax Credit Program offers federal tax credits to certain projects situated in low income census tracts.

Real Estate

MassDevelopment is responsible for the development of the community at the former Fort Devens into a sustainable and diverse mixed use community. It provides municipal functions for Devens.

In pursuit of its economic development mission, MassDevelopment purchases and redevelops properties across the Commonwealth, including Commonwealth surplus properties.

The Real Estate group provides technical assistance to communities across Massachusetts in assessing economic development projects.

The Real Estate group runs the Commonwealth Places program through which public or nonprofit sponsors can propose a community driven project that revitalizes downtowns and neighborhood commercial districts. The program aims to engage and mobilize community members through crowdfunding.

The Transformative Development Initiative at MassDevelopment provides technical assistance to Gateway Cities, a fellows program through which a MassDevelopment employee works in a chosen Gateway district, and an equity investment program for such districts.

II.  Identify the make-up of the population that is served by the agency with respect to those programs/functions.

MassDevelopment does not currently have internal data relative to the language needs of recipients of its various services. Many of our programs involve involvement with municipalities, non-profits and for-profit businesses. MassDevelopment does not run programs that directly assist individuals for their personal needs. MassDevelopment staff can encounter LEP individuals in connection with our loan programs that assist small businesses, our efforts in Transformative Development districts and our municipal role at Devens.

MassDevelopment staff will be trained to be aware of the need for language assistance and be equipped to offer language assistance. MassDevelopment’s Language Access Coordinator will track requests for assistance so that MassDevelopment may acquire better data on any language needs of its clients and can update its Language Access Plan accordingly.

In the absence of such data, as set forth in the Commonwealth Guidelines, MassDevelopment will use U.S. Census data as a starting point for assessment of language needs. This data indicates that Spanish should be a language of priority for MassDevelopment.

The attached table illustrates the Massachusetts LEP population as a percentage of total State population for the most frequent spoken languages based on the 2007-2011 American Community Survey 5 year estimates:

Massachusetts is a highly diverse state in which numerous LEP households reside. According to data from the U.S. Census, American Community Survey 5 year estimate, (2007-2011), 21.38% of all residents over the age of five speak a language other than English, and of those residents, 3.39% speak English “not well” or “not at all.”

According to U.S. Census Data, the most frequently spoken languages among the LEP population in the Commonwealth are Spanish, French Creole, Italian, Portuguese, Russian, Chinese, Mon-Khmer (Cambodian), and Vietnamese.

III.  Identify all points of contact between the agency and the public and all potential language or language-related barriers to services and programs.

Points of Contact
MassDevelopment Offices

99 High Street, Floor 11
Boston, MA 02110
Phone: 617-330-2000
Fax: 617-330-2001

33 Andrews Parkway
Devens, MA 01434
Phone: 978-784-2900

99 South Main Street, Suite 230
Fall River, MA 02721
Phone: 508-678-0533
Fax: 508-678-3761

Gloucester State Fish Pier
2 State Fish Pier
Gloucester, MA 01930
Phone: 978-283-1938
Fax: 978-282-0397

Joint Base Cape Cod
2816 Richardson Road
Buzzards Bay, MA 02542
Phone: 508-563-2785
Fax: 508-563-2786

370 Essex Street
Lawrence, MA 01840
Phone: 978-459-6100
Fax: 978-459-1888

1350 Main Street, Suite 1110
Springfield, MA 01103
Phone: 413-731-8848
Fax: 413-755-1349

427 Main Street, Floor 2
Worcester, MA 01604
Phone: 508-363-2799
Fax: 508-363-2976

MassDevelopment Websites

MassDevelopment.com
DevensCommunity.com
DevensBusiness.com
VillageHillNorthampton.com

For a discussion of the language related barriers to programs please see Section II above.

IV.  Identify existing staff who are able to deliver services in a language other than English.  

MassDevelopment’s priority will be to have professional interpreters and translators. If we receive a request for language assistance, and have the time to access outside resources to assist with such a request, we will do so. We do not expect our language access needs to be so extensive that fiscal constraints will limit our ability to procure such assistance.

Language Service Protocols and Services

MassDevelopment will inquire about foreign language fluency in its hiring process and Human Resources will document what language skills employees possess so that this policy can be updated with such information. Resume screening committees will be informed that qualified job applicants who are bi or multi-lingual possess an important skill that MassDevelopment seeks.

MassDevelopment will use Commonwealth Contract PRF 63 to procure interpretation services as may be requested for any of its programs at no charge to the requesters. MassDevelopment has included notice in appropriate sections of its website that such language access is available.

MassDevelopment will use Commonwealth Contract PRF 63 to translate upon request its written materials into the different languages spoken by non-English speakers and the seeing impaired to whom it provides services — including translation of its website content when such access is requested. MassDevelopment has incorporated a language translator application on its website.

Training

MassDevelopment will train its staff on the requirements and implementation of the Language Access Plan in conjunction with its Diversity Committee meetings.

MassDevelopment will also develop training materials on language access for LEP persons. These materials would also be provided to newly hired staff as part of the orientation process.

Notice

MassDevelopment will notify the public of the availability of language access services by publication of the availability of such language access on its website. MassDevelopment will include notification of language access services by posting notices in each of its six offices located in Boston, Springfield, Lawrence, Fall River, Worcester and Devens. As discussed above, MassDevelopment will train staff to be knowledgeable about our ability to provide language access and to refer anyone who requests such access to Amanda Wall, MassDevelopment, 99 High Street, Floor 11, Boston, MA 02110, awall@massdevelopment.com, 617-330-2000, who will coordinate the provision of interpreters and access to translated materials when needed.

Monitoring

Section IV(k) of the Guidelines requires that the agency’s plan include a system to periodically monitor the agency’s compliance with the Commonwealth’s Language Access Policy and Guidelines, as well as the need for any changes in the agency’s language access plan and protocol. MassDevelopment proposes to monitor compliance with the Language Access Plan on an annual basis by review at the President and CEO’s weekly meeting with his/her direct reports and hear or suggest changes at that time.

Complaints

In the event a person wishes to file a complaint regarding an alleged violation of the MassDevelopment plan, he or she should file such complaint with the MassDevelopment Language Access Coordinator, Amanda Wall, who may be reached at MassDevelopment, 99 High Street, Floor 11, Boston MA 02110, email awall@massdevelopment.com or, by telephone, at 617-330-2000.

ADA Rights Notice

Policy

The Massachusetts Development Finance Agency in compliance with state and federal laws and regulations that include the Americans with Disabilities Act (ADA) and Section 504 of the Rehabilitation Act of 1973 (Section 504), does not discriminate on the basis of disability in admission or access to, or in the administration of, its programs, services, and activities for the public.

In accordance with these laws, the Massachusetts Development Finance Agency will make reasonable accommodation to the known physical and mental limitations of people with disabilities in order to provide an equal opportunity to enjoy and participate in the Massachusetts Development Finance Agency's programs, services, and activities available to the public. The Massachusetts Development Finance Agency will not retaliate against any individual who has complained of or opposed a violation of the ADA or of Section 504.

Anyone who requires an auxiliary aid or service for effective communication, or a modification of policies or procedures to participate in a program, service, or activity of Massachusetts Development Finance Agency or any other reasonable accommodation (such as American Sign Language Interpreters, assistive listening devices, handouts in alternate formats or language assistance, such as translated documents or an interpreter), should contact Amanda Wall, awall@massdevelopment.com, 617-330-2000, as soon as possible but no later than 48 hours before the scheduled event.

Grievance Procedure

The Massachusetts Development Finance Agency has adopted the following grievance procedure to assure the prompt and equitable resolution of complaints by members of the public alleging that the Massachusetts Development Finance Agency has violated the ADA or Section 504, including complaints alleging retaliation for having complained of or opposed a violation of the ADA or Section 504.

Any person who wishes to make a complaint of a violation of the ADA or Section 504, including a complaint of retaliation, may do so by contacting the Massachusetts Development Finance Agency’s ADA Coordinator. The Massachusetts Development Finance Agency prefers to receive complaints in writing, although alternative methods of communication, such as a personal or telephone interview, email, or a tape recording, are acceptable. The complainant should provide his or her name and address and describe the alleged violation in as much detail as possible, including the date(s) and people involved. The Massachusetts Development Finance Agency asks that the complainant make the complaint as soon after the alleged violation as possible, in order to allow a prompt investigation.

Upon receiving the complaint, the ADA Coordinator will coordinate with appropriate Massachusetts Development Finance Agency staff to promptly investigate the complaint and determine whether it can be resolved. When the investigation is complete, the ADA Coordinator will communicate to the complainant the result of the investigation and any resolution.

If the Massachusetts Development Finance Agency determines that a requested accommodation would result in a fundamental alteration in the nature of the Massachusetts Development Finance Agency programs, services, or activities, or in an undue financial or administrative burden, the ADA Coordinator will provide the complainant with a written statement of the reasons for reaching this determination. The ADA Coordinator will also work with the complainant to attempt to identify alternative action by the Massachusetts Development Finance Agency that would not result in such an alteration or such burdens, but would nevertheless ensure that the complainant receives the benefits and services of the Massachusetts Development Finance Agency programs and activities.

If the complainant is dissatisfied with the ADA Coordinator's response, he or she may request reconsideration. The complainant may request reconsideration by submitting a written request to:

General Counsel 
MassDevelopment
99 High Street, Floor 11
Boston, MA 02210

The government enforcement agency for the ADA and Section 504 is the U.S. Department of Justice. Complaints to that agency may be directed to:

United States Department of Justice
Civil Rights Division
950 Pennsylvania Ave., N.W.
Disability Rights Section, NYA
Washington, DC 20530

Phone: 202-307-0663 (Voice and TDD)
Fax: 202-307-1198

ADA Coordinator

MassDevelopment has designated the following person as its ADA Coordinator to coordinate its efforts to comply with and carry out its responsibilities to the public under the ADA and Section 504:

Amanda Wall
Phone: 617-330-2000
Email: awall@massdevelopment.com

This notice can be made available in alternate formats upon request to the ADA Coordinator.

Capital Providers for the Commercial Property Assessed Clean Energy Massachusetts Program

Request for Information

MassDevelopment is soliciting information from multiple firms to serve as capital providers (“Capital Provider”) for the Commercial Property Assessed Clean Energy Program (“PACE Massachusetts”, “PACE” or the “Program”). Firms will comprise a list of potential funding sources for property owners who wish to participate in PACE Massachusetts.

MassDevelopment has been designated as the Administrator for the Program and, in consultation with the Massachusetts Department for Energy Resources (“DOER”), has established a Program for property owners to finance energy improvements to commercial and industrial properties within the Commonwealth.

The Agency seeks to identify a pool of firms who wish to participate as Capital Providers for the Program, so the Agency can employ an open market third party financing structure. MassDevelopment intends to create a list of PACE Massachusetts Capital Providers (the “Registry”) interested in financing projects so property owners can review options for potential sources of financing for their energy improvement projects. The list of registered capital providers is maintained by MassDevelopment and will only be available upon request to a property owner pursuing PACE financing who has not selected a Capital Provider.

Public Records

What is a public record?

For information about the public records law generally, please see the Secretary of the Commonwealth’s guide. This guide provides a basic overview of the Massachusetts public records law, the legal definition of “public record,” and general exemptions to the definition of “public record.”

One of the public records law’s general exemptions concerns records “specifically or by necessary implication exempted from disclosure by statute.” Subclause (a) of clause 26 of M.G.L. c. 4, § 7. In accordance with that general exemption, MassDevelopment’s enabling act specifically exempts certain records from disclosure. It provides in part that:

“Any documentary materials or data whatsoever made or received by any member or employee of the [Massachusetts Development Finance] Agency and consisting of, or to the extent that such materials or data consist of, trade secrets or commercial or financial information regarding the operation of any business conducted by an applicant for any form of assistance which the [Massachusetts Development Finance] Agency is empowered to render or regarding the competitive position of such applicant in a particular field of endeavor, shall not be deemed public records of the [Massachusetts Development Finance] Agency and specifically shall not be subject to the provisions of section 10 of chapter 66.”

M.G.L. c. 23G, § 2(n). Accordingly, there are typically more exemptions applicable to records held by MassDevelopment than to records held by other state entities. This additional exemption allows MassDevelopment to better serve its clients and foster the Commonwealth’s economic development.

What type of public records does MassDevelopment maintain?

In order to provide ease-of-access to the public, the following public records are provided online:

Annual reports
Meeting notices
Minutes and agendas of board meetings
Municipal bond issuances

How do I make a public records request?

We recommend submitting a written request, though we accept both written and verbal requests. Please submit all requests to our Records Access Officer (see contact information below). While no specific format is required for a public records request, the Secretary of the Commonwealth provides a sample request letter that may be helpful to both you and MassDevelopment.

Records Access Officer

Sean Calnan, Counsel
99 High Street Boston, MA 02110

Phone: 617-330-2000
Email: scalnan@massdevelopment.com

RFPs and RFQs

Request for Proposals / Request for Qualifications / Invitation for Bids

Solicitations and any addenda will be posted on our website. It is the responsibility of respondents to ensure that they receive all information pertaining to any solicitation.

NOTICE TO BID: New Gas Access Path Clearing & Grading Project, Devens, MA MassDevelopment Project No. 26-021
 
Capital Providers for the Commercial Property Assessed Clean Energy Massachusetts Program

MassDevelopment is soliciting information from multiple firms to serve as capital providers for the Commercial Property Assessed Clean Energy Program. Firms will comprise a list of potential funding sources for property owners who wish to participate in PACE Massachusetts.

Privacy Policy

Welcome to MassDevelopment’s website. Your privacy is one of our top priorities. The following policy applies to the use of massdevelopment.com.

A Privacy Partnership

Your privacy with respect to the use of this website results from a partnership between MassDevelopment and you, the user. At this website, we attempt to protect your privacy to the maximum extent possible. However, because some of the information that we receive through this website is subject to the Public Records Law, Massachusetts General Laws Chapter 66, Section 10, we cannot ensure absolute privacy. Information that you provide to us through this site may be made available to members of the public under that law. This policy informs you of the information that we collect from you at this site, what we do with it, to whom it may be disseminated, and how you can access it. Based on this information, you can make an informed choice about your use of this site. You can maximize the benefits of your privacy partnership with MassDevelopment by making informed choices about whether to share personally identifiable information with us through this site.

Personally Identifiable Information

We use the term “personally identifiable information” to mean any information that could reasonably be used to identify you, including your name, address, e-mail address, Social Security number, birth date, bank account information, credit card information, or any combination of information that could be used to identify you.

Information Voluntarily Provided by You

This site collects voluntary information from you only through the e-mails that you send through this site. Emails sent by you to this site may contain personally identifiable information.

Information Automatically Collected and Stored by This Site

MassDevelopment uses one or more companies to place advertisements for our products and services and those of third parties on our Site and third-party sites. “Cookies”* and other technologies such as Web beacons or tags are used to measure the effectiveness of our ads and to determine the display of content and advertising to you based on your interests both on our site, as well as on third-party sites where you may visit. To support this interest based advertising solution, we, and companies who we have contracted with, may use anonymous information about your visits to our and other Web sites. The information collected and used by this process is always anonymous, and does not enable any third-party to identify you individually.

Although it is our hope that you find the display of advertising to you based on your anonymous interests valuable, if you would prefer not to participate in the services offered through these solutions, you can always opt-out of this activity by visiting the Network Advertising Initiative (NAI) website.

Additionally, this site does collect and store indefinitely your Internet Protocol** (“IP”)address, which does not identify you as an individual, as well as information about the date and time of your visit, whether a file you have requested exists, and how many “bytes” of information were transmitted to you over the web from this site. We use your IP address to assess the frequency of visits to this site and the popularity of its various pages and functions. We will not attempt to match any personally identifiable information that you provide to us with your IP address, unless there are reasonable grounds to believe that doing so would provide information that is relevant and material to a criminal investigation.

Dissemination of Your Personally Identifiable Information

We do not sell any personally identifiable information collected through this website. However, once you voluntarily submit personally identifiable information to us through an email, its dissemination is governed by the Public Records Law, the Massachusetts General Laws Chapter 66A (Fair Information Practices Act), and other applicable laws and regulations. For this reason, part of or all the information you send us may be provided to a member of the public in response to a public records request.

In addition, the information that you voluntarily submit will be disclosed only to MassDevelopment employees with a “need to know” for purposes of fulfilling their job responsibilities. They will only use the information to answer your questions, respond to any requests for assistance, and fulfill MassDevelopment’s legal obligations. Where appropriate, we may provide the information submitted by you to the person or company that is the subject of your inquiry, for the matters referred to in your communication.

Your Access and Opportunity to Correct

The Public Records Law and the Fair Information Practices Act provide you with certain rights to get information about you that is in our records. To learn more about the circumstances under which you can get and correct this information, please click on the above references to these laws.

Security

Because this site does not encrypt incoming email, you should not send information that you consider highly sensitive through this website. We use standard security measures to ensure that your personally identifiable information is not lost, misused, altered, or unintentionally destroyed. We also use software programs to monitor network traffic to identify unauthorized attempts to upload or change information, or otherwise cause damage. Except for authorized law enforcement investigations, no attempts are made to identify individual users or their usage habits.

Policy Changes

We will post changes to this policy at least 30 days before they take effect. Any information we collect under the current privacy policy will remain subject to the terms of this policy. After any changes take effect, all new information we collect, if any, will be subject to the new policy.

Contact Information

For questions about your privacy while using this website, please contact Brenda Doherty at bdoherty@massdevelopment.com.

*Cookies are files that a website can place on your computer. A cookie file contains unique information that a website can use to track such things as your password, lists of web pages you have visited, and the date when you last looked at a specific web page, or to identify your session at a particular website. A cookie file allows the website to recognize you as you click through pages on the site and when you later revisit the site. A website can use cookies to “remember” your preferences, and to record your browsing behavior on the web. Although you can prevent websites from placing cookies on your computer by using your browser’s preference menu, disabling cookies may affect your ability to view or interact with some websites.

**An “Internet Protocol Address” or “IP Address” is a series of numbers that identifies each computer and machine connected to the Internet. An IP address enables a server on a computer network to send you the file that you have requested on the Internet. The IP address disclosed to us may identify the computer from which you are accessing the Internet, or a server owned by your Internet Service Provider. Because it is machine-specific, rather than person-specific, an IP address is not, in and of itself, personally identifiable information.

Accessibility

MassDevelopment is committed to providing information on our programs and services that is accessible to as many people as possible. This site was developed with federal, state, and W3C accessibility guidelines in mind.

We have designed a site that supports common screen readers, provides identifying language for links and graphics, and uses high contrast between background and text.

Documents on this site may be found in Adobe PDF, Microsoft Word or Microsoft Excel formats.

If you have any questions or concerns about accessing content on our site, please contact Brenda Doherty at 617-330-2000 or bdoherty@massdevelopment.com.

Accessibility at Our Locations

MassDevelopment is committed to improving access to our offices, public meetings, and programs. If you need accommodation to participate in a MassDevelopment meeting, event, or program, please contact MassDevelopment's ADA Coordinator, Amanda Wall at awall@massdevelopment.com. Please request accommodations as soon as possible but no later than 48 hours before a scheduled event so that we can have adequate time to accommodate your needs.

For more information, see our ADA Rights Notice and Language Access Plan.

Equal Opportunity Statement

This institution is an equal opportunity provider; and in accordance with state and federal law and policy, this institution is prohibited from discriminating on the basis of race, color, ancestry, creed, religion, national origin, citizenship status, sexual orientation, gender identity or expression, genetic information, sex, disability, marital status, age, active military and veteran’s status, membership in the armed forces of the United States and any other basis prohibited by law.

Internships

MassDevelopment’s Summer Internship Program offers a well-rounded, hands-on experience designed to support professional growth and encourage exploration of career interests. This 10-week program runs from June through early August and is open to students enrolled in college or technical programs, as well as recent graduates who are at least 18 years of age.

Our Vision: Empowering Future Leaders

FAQs

MassDevelopment offers unique financing, real estate, and community development solutions to grow businesses, create opportunity, and energize cities and towns across Massachusetts. We make important and impactful projects happen.

Brownfields Tax Credit Program

The Brownfields Tax Credit Program is administered by the Massachusetts Department of Revenue. It offers eligible businesses and nonprofits a tax credit for the costs incurred in a brownfields remediation project. Brownfields tax credits may be used against state tax liabilities, or transferred or sold to third parties.

Low-Income Housing Tax Credit

Eligible multifamily rental projects can apply for an allocation of low-income housing tax credits, if over 50% of the total development costs are being financed with tax-exempt bonds issued through MassDevelopment. Availability of low-income housing tax credit equity varies with market conditions.

Devens

There is no other place in Massachusetts quite like Devens. Just 35 miles west of Boston, Devens is a 4,400-acre planned community with a business-friendly attitude, growing residential presence, and ample outdoor recreational amenities.

MassDevelopment is the master developer of Devens, working to create a community that is both economically sound and environmentally friendly. After serving as the U.S. Army’s New England headquarters for 79 years, Fort Devens was closed in 1996. With financial support from the Commonwealth of Massachusetts, MassDevelopment purchased the property and undertook redevelopment efforts. Today, 100+ diverse businesses – including leaders in biopharma, clean energy, and manufacturing, call Devens home. Prime highway accessibility, efficient 75-day or less permitting, a robust utility infrastructure, and financing capabilities from predevelopment through construction and fit-up make Devens an ideal location.

If you can't find the page you're looking for, it might be located in one of these sections:

Collaborative Workspace Program

The Collaborative Workspace Program provides funding to support the development of collaborative workspaces and accelerate the pace of new business formation, job creation, and entrepreneurial activity.

This program is part of the Community One Stop for Growth, a single application portal and collaborative review process of community development grant programs that makes targeted investments based on a Development Continuum.

Funding Categories

Awards are made through two funding categories:

Seed/Feasibility Grants

The maximum amount for a Seed/Feasibility Grant is $15,000 and can be used for predevelopment costs including feasibility studies and design work.

Fit-Out Grants

The maximum amount for a Fit-Out Grant is $100,000 and can be used to purchase materials and pay for third-party labor for workspace improvements.

To be eligible for a Fit-Out Grant, you must be a building owner hosting a collaborative workspace or an operator of a collaborative workspace registered with the Secretary of State.

Applicants must match the grant amount. Grants cannot be used for administrative overhead, staff time/payroll, legal fees, operating costs, etc. An applicant can apply for one or the other grant, but not both in the same application round.

The application process is highly competitive and MassDevelopment may award less than the requested amount. You must show a demonstrated mission critical need that will provide essential benefits for your member/user community. Please carefully review more details in the Program Guidelines found here:

Annual Reports

2022 Collaborative Workspace Program Annual Report
2021 Collaborative Workspace Program Annual Report

For more information, contact:

cowork@massdevelopment.com

Available Properties

Looking to expand or relocate your business?
Explore our portfolio of available property.

Business Improvement District (BID)

A Business Improvement District (BID) is a way to organize co-investment from businesses and property owners within a neighborhood to support economic development activities that nurture vibrant places. Through inclusive community engagement, BIDs can support locally defined priorities and create neighborhood identity. The formation and adoption of a BID is a locally driven process and reauthorized every five years by the property owners within the district.

“A Guide for Establishing BIDs” was created by the Department of Housing and Community Development’s Massachusetts Downtown Initiative (MDI) to help cities and towns navigate the process of establishing a BID in their communities.

Case Studies

We partnered with the Massachusetts Downtown Initiative (MDI) to supplement its guide with three case studies:

Town of Hudson
City of Cambridge
Village of Hyannis

Disposing of Surplus Municipal Property

Redeveloping surplus municipal property can provide important economic and/or housing opportunities at the local level. The process for transferring ownership of these properties requires a formal Request for Proposals (RFP) from the municipality to ensure fairness and transparency.

To realize the full potential for redevelopment, municipalities should think strategically about the future of these properties and design a process that provides local officials, residents, and potential developers with the information needed to make the best decisions for everyone involved. MassDevelopment developed a guide for municipalities that goes beyond the legal framework and walks through important questions municipalities need to consider in order to be successful.

View Realizing the Development Potential of Municipal Sites: A Guidance Manual for the Effective Disposal of Surplus Municipal Property and examples of past local approvals, planning studies, and RFPs.

Other Resources

Assessments and Planning

Declarations and Surplus

RFPs

The Legal Framework

Disposing of municipal surplus lands is generally governed by M.G.L. Chapter 30B The Uniform Procurement Act. Further, The Chapter 30B Manual: Procuring Supplies, Services, and Real Property is an excellent publication regularly updated by the Office of the Inspector General.

DIF Estimator

This interactive tool will create an estimate of tax revenues your community may receive and capture as a result of new private investment within a DIF District. It is intended to help you:

This is not intended for use in creating the revenue estimates and financial plan required for legislative adoption of a DIF District and Development Program. Please see the DIF Guide and DIF Template for information about these requirements.

Disclaimer

MassDevelopment and its affiliate have taken reasonable measures to ensure that the information and data presented on this web site is accurate and current. However, MassDevelopment and its affiliate makes no express or implied warranty regarding such information or data, and hereby expressly disclaims all legal liability and responsibility to persons or entities who use or access this site and its content, based on their reliance on any information or data that is available through this web site. The content of this web site is not designed or intended to provide authoritative financial, accounting, investment, or other professional advice which may be reasonably relied on by its readers. If expert assistance in this area is required, the services of a qualified professional should be sought.

DIF Webinars

DIF 101: Getting Started with District Improvement Financing

DIF 102: Beginning to Assemble Your District Improvement Financing

DIF 201: District Improvement Financing Financial Plan

Why use DIF?

DIF can be integrated with, and can complement, existing economic development efforts. Through DIF a municipality can:

District Improvement Financing also provides additional flexibility in structuring a financing supported by DIF revenues.

A municipality may structure its debt to match debt service payments with projected cash flows. For example, rather than using a level debt service schedule, a municipality could issue bonds that defer principal, capitalize interest, or mirror the forecasted revenue stream with an ascending debt schedule.

In addition, the associated debt from a DIF-supported financing may be structured to not count towards a municipality’s debt limit. It is critical for a municipality to consult with an independent municipal advisor or bond counsel about issuing DIF-supported debt so the pros and cons can be weighed, including potential impacts to credit rating and short/long-term fiscal impact.

DIF Resources

A DIF Guide and accompanying resources have been created to help towns and cities in Massachusetts evaluate whether DIF is an appropriate tool for their economic development goals.

These resources provide further information, examples, and technical advice about assembling a DIF and creating a path to adoption and implementation.

DIF Estimator

This interactive tool creates an estimate of tax revenues that your community may receive and capture as a result of new private investment within a DIF District.

Capital Mix Estimator

The Capital Mix Estimator is intended to help a user formulate and consider questions about the use of DIF with other funding sources, including:

DIF Template

This DIF Template has been created as part of the suite of resources to help communities understand and use DIF effectively. It is structured to gather and present the information required by the DIF Statute to be included in each of the four components of DIF, including the Development District, Invested Revenue Development District, Development Program, and Invested Revenue District Development Program.

Additional Resources

The program lets you agree to a betterment assessment and lien on your property, sufficient to repay the financing extended by a private capital provider. If the property is sold before the financing has been repaid, the assessment stays and is transferred to subsequent property owners.

PACE enables owners to use energy savings to undertake more comprehensive energy upgrades with financing terms up to 20 years. If you want to make energy improvements to a building and are exploring ways to pay for them look no further than PACE Massachusetts.

Frequently Asked Questions

PACE Massachusetts Guidelines 

Access Technical Documentation

Technical Documentation Requirements

Savings to Investment (SIR) Calculator

Resources

We encourage you to contact MassDevelopment to discuss your interest in PACE Massachusetts. Our experienced staff can guide you through the process. Email pace@massdevelopment.com with your questions.

Capital Provider Information

PACE Massachusetts employs an open market, third party direct financing model that provides property owners the power to choose who will fund their project. It allows multiple capital providers to operate within the PACE Massachusetts program and allows property owners access to the different sources of funds that are available in the commercial PACE market.

PACE Massachusetts requires capital providers to register with MassDevelopment before financing PACE projects in Massachusetts. Entities interested in becoming a PACE Massachusetts registered capital provider should respond to the open Request for Information (RFI) for PACE Massachusetts Capital Providers. If a capital provider provides the required RFI information, they may be registered as an interested PACE Massachusetts capital provider. Registered capital providers may receive information regarding PACE Massachusetts project financing opportunities from property owners or MassDevelopment. Property owners may access a central registry of potential capital providers. The list of registered capital providers is maintained by MassDevelopment and available upon request to a property owner pursuing PACE financing.

Please note MassDevelopment makes no assurances or certifications about registered capital providers.

Build for Mass

A new municipal infrastructure lending program that provides Massachusetts municipalities with flexible, low-interest financing to address funding gaps, advance priority projects, and maximize access to federal resources. 

Build for Mass prioritizes Gateway Cities and rural communities, expanding access to the capital municipalities need to advance impactful local projects.  

Learn more about Build for Mass.

PACE Massachusetts

Property Assessed Clean Energy (PACE) Massachusetts is an innovative program to help commercial and industrial property owners in Massachusetts finance energy improvements.

The program lets you agree to a betterment assessment and lien on your property, sufficient to repay the financing extended by a private capital provider. If the property is sold before the financing has been repaid, the assessment stays and is transferred to subsequent property owners.

PACE Massachusetts enables owners to use energy savings to undertake more comprehensive energy upgrades with terms up to 20 years for financing amounts of $250,000 and higher.

Green & Sustainability Bonds

Green and sustainability tax-exempt bonds are issued by MassDevelopment for new capital projects that meet certain environmental principles. On behalf of the borrower, the tax-exempt bonds are publicly offered and sold to investors that benefit from the exemption from taxes on the interest income. Eligible borrowers include universities, hospitals, nonprofits, affordable housing developers, and manufacturers.

Green Loans

Green loans bridge the gap between energy efficiency and renewable energy project costs and rebates or subsidies provided by utility companies and federally sponsored programs. Eligible borrowers include Massachusetts businesses and nonprofits that have been in existence for five or more years. Loan amounts range from $50,000 to $500,000 and are net of project-related rebates or subsidies. Eligible measures include HVAC replacements or improvements, solar panels, windows, insulation, or other energy-related building improvements.

Massachusetts Manufacturing Energy Collaborative

The Massachusetts Manufacturing Energy Collaborative (MassMEC) is sponsored by MassDevelopment and managed by EarlyBird Power, and is comprised of more than 230 members. MassMEC adheres to a simple mission — “Utilities at lower costs” — by enabling businesses to procure the lowest available rates for electricity and natural gas supply. In total, the program has saved members more than $3 million dollars over utility rates and enabled members to take advantage of other cost-saving incentives, practices, and programs.

MassMEC members are eligible for a full range of energy consulting services that EarlyBird Power provides. Besides best practice energy procurement and portfolio management, EarlyBird Power can help explore options for reducing consumption, costs, and environmental impact including:

Onsite and Community Solar Projects

Your company is off and running, and you’re ready to go to the next level—that’s when you come to us. The Emerging Technology Fund (ETF) is designed to help growing companies like yours find the capital you need.

The ETF makes loans of up to $4,000,000 to technology companies for expansion, working capital, or equipment purchases. Combined with MassDevelopment’s other offerings, we can help you deliver the products essential for a thriving economy.

Frequently Asked Questions

Brownfields Redevelopment Fund

Finances the environmental assessment and remediation of brownfield sites and includes the following:

Commercial Real Estate Loan

Real estate loans can be used to fund facility acquisition, renovation, construction, and permanent financing.

Our real estate loan program offers:

Emerging Technology Fund

Your company is off and running, and you’re ready to go to the next level – that’s when you come to us. The Emerging Technology Fund (ETF) is designed to help growing companies like yours find the capital you need. We work with companies located in or relocating to Massachusetts that have strong management teams, demonstrated technical developments, shown market demand for their products, and proven financial records.

The ETF makes loans of up to $4 million to technology companies for expansion, working capital, or equipment purchases. Combined with MassDevelopment’s other offerings, we can help you deliver the products essential for a thriving economy.

Equipment Loan

If your company is expanding operations and needs to purchase equipment, MassDevelopment can help.

Our equipment loan program offers:

Microloan

Microloans provide financing from $5,000 to $100,000 for Massachusetts small businesses to assist with working capital, or the purchase of furniture, fixtures, supplies, materials, and/or equipment. 

Eligible Businesses:
Loan Terms:
Requirements:
Need help with a microloan?

Connect with a member of our team. Email microloans@massdevelopment.com.

Real Estate Enhancement Financing Program

Bringing access to capital for small business owners to purchase or refinance owner-occupied commercial real estate.

Requirements:

Real Estate Tax Credit Bridge Loan

We can provide financing to bridge Massachusetts or Federal Historic Building Tax Credits, or Massachusetts Housing Development Incentive Program (HDIP) Tax Credits for your real estate project during construction. 

State Small Business Credit Initiative

MassDevelopment provides loans and guarantees funded through the State Small Business Credit Initiative (SSBCI) to support business investment. Our SSBCI program has a particular focus on SEDI businesses.

TechDollars

MassDevelopment offers loans from $25,000 to $500,000 to help nonprofit 501(c)(3) organizations located in Massachusetts purchase and install technology equipment. 100% of cost of purchase of new or used telecommunications and information technology equipment, software, and related installation costs.

Working Capital

Our Growth Capital Division offers a range of options to help small business owners in need of additional working capital for payroll, inventory, software subscriptions, utilities, and more.

 

Tax-Exempt Bonds

Exempt from federal taxes and in certain cases Massachusetts state taxes, tax-exempt bonds are usually the lowest interest rate option for real estate projects and new equipment purchases. Tax-exempt bonds can be sold in the capital markets or directly to your bank or another financial institution. Tax-exempt equipment financings can be structured as leases issued by MassDevelopment and purchased by financial institutions which engage in lease financing.

Projects eligible for tax-exempt financing include:

Taxable Bonds

We can issue taxable bonds for a variety of purposes including advance refundings, capital projects that are ineligible for tax-exempt financing, and a taxable “tail” in conjunction with a tax-exempt financing if the borrower wants to finance ineligible costs.

Infrastructure Financing

MassDevelopment offers three unique financing programs designed to support public infrastructure projects. The programs can be used independently, or in combination, and involve the establishment of an identified development/redevelopment district to finance infrastructure that will spur real estate development that may not otherwise occur. We can issue tax-exempt and taxable bonds for these projects.

What can be financed?
Infrastructure Investment Incentive Program (I-Cubed)
District Improvement Financing (DIF)
Local Infrastructure Development Program (23-L)

Low-Income Rental Housing

MassDevelopment provides tax-exempt bond financing and 4% low-income housing tax credits (in partnership with the Department of Housing and Community Development) to help fund the new construction and preservation of affordable rental housing projects. 

STAR Fund

The Short Term Asset Reserve (STAR) Fund is a comprehensively managed, permitted investment fund designed for an optimal return through requisition. Investments include short-term government securities and other high-quality money market instruments to ensure the safety and liquidity of the underlying principle.

AAA S&P Rating

MassDevelopment STAR Fund’s Rating is AAAm. Standard & Poor’s fund ratings are based on analysis of credit quality, market price exposure, and management. According to Standard & Poor’s rating criteria, the AAAm rating signifies excellent safety of invested principal and a superior capacity to maintain a $1.00 per share net asset value. However, the rating is neither a “market” rating nor a recommendation to buy, hold, or sell the securities.

For a full description on rating methodology, visit S&P Global Ratings.

Disclaimer

This information is for institutional investor use only, not for further distribution to retail investors, and does not represent an offer to sell or a solicitation of an offer to buy or sell any fund or other security. Shares of the Fund are distributed by U.S. Bancorp Investments, Inc., member FINRA (www.finra.org) and SIPC (www.sipc.org). PFM Asset Management is a division of U.S. Bancorp Asset Management, Inc., which serves as administrator and investment adviser to the Fund. U.S. Bancorp Asset Management, Inc. is a direct subsidiary of U.S. Bank N.A. and an indirect subsidiary of U.S. Bancorp. U.S. Bancorp Investments, Inc. is a subsidiary of U.S. Bancorp and affiliate of U.S. Bank N.A.

Although the Fund will seek to invest wisely, all investments involve risks. While the Fund seeks to maintain a stable net asset value of $1.00 per share, it is possible to lose money investing in the Fund. Investors should consider the Fund’s investment objectives, risks, charges and expenses before investing in the Fund. This and other information about the Fund are available in the Fund’s Information Statement. Copies of the Fund’s Information Statement may be obtained by calling 800-937-2736 or are available on the MassDevelopment website.
 

Military Asset and Security Strategy Task Force

The Massachusetts Military Asset and Security Strategy Task Force was created in 2012 to protect and expand missions, jobs, and economic investments at and surrounding Massachusetts' military installations. Housed within the Office of the Governor and supported by the Executive Office of Economic Development and MassDevelopment, the Military Asset and Security Strategy Task Force coordinates among the state's military facilities to maximize their efficiency.

Massachusetts Military Installations

Massachusetts is home to six military installations with more than $13.2 billion in total economic activity and support for more than 57,600 jobs.

Task Force

Massachusetts Innovation Bridge

Created in partnership with the Commonwealth and MITRE, the Massachusetts Innovation Bridge connects local businesses, nonprofits, and academic institutions with federal opportunities. Through the Innovation Bridge, federal agencies will create new relationships with academic institutions, thought leaders, established companies, and with companies that previously did not work with the federal government. Together, they will discover new ideas, products, and services to enhance federal agency missions. The collaborative workspace will also give Massachusetts companies, higher education institutions, and nonprofits access to new federal business opportunities.

Board Meeting Agendas & Minutes

2026

August 13, 2026

Meeting Agenda

June 11, 2026

Meeting Agenda / Meeting Minutes

May 14, 2026

Meeting Agenda / Meeting Minutes

APRIL 9, 2026

Meeting Agenda / Meeting Minutes

March 12, 2026

Meeting Agenda / Meeting Minutes

February 12, 2026

Meeting Agenda / Meeting Minutes

January 15, 2026

Meeting Agenda / Meeting Minutes

2025

December 11, 2025

Meeting Agenda / Meeting Minutes

November 13, 2025

Meeting Agenda / Meeting Minutes

October 23, 2025

Meeting Agenda / Meeting Minutes

September 11, 2025

Meeting Agenda / Meeting Minutes

August 14, 2025

Meeting Agenda / Meeting Minutes

July 10, 2025

Meeting Agenda / Meeting Minutes

June 12, 2025

Meeting Agenda / Meeting Minutes

May 8, 2025

Meeting Agenda / Meeting Minutes

April 10, 2025

Meeting Agenda / Meeting Minutes

March 13, 2025

Meeting Agenda / Meeting Minutes

February 13, 2025

Meeting Agenda / Meeting Minutes

January 16, 2025

Meeting Agenda / Meeting Minutes

2024

December 12, 2024

Meeting Agenda / Meeting Minutes

NOVEMBER 14, 2024

Meeting Agenda / Meeting Minutes

OCTOBER 10, 2024

Meeting Agenda / Meeting Minutes

September 12, 2024

Meeting Agenda / Meeting Minutes

AUGUST 8, 2024

Meeting Agenda / Meeting Minutes

July 11, 2024

Meeting Agenda / Meeting Minutes

JUNE 13, 2024

Meeting Agenda / Meeting Minutes

April 26, 2024

Meeting Agenda / Meeting Minutes

March 14, 2024

Meeting Agenda / Meeting Minutes

February 8, 2024

Meeting Agenda / Meeting Minutes

January 11, 2024

Meeting Agenda / Meeting Minutes

2023

December 14, 2023

Meeting Agenda / Meeting Minutes

November 9, 2023

Meeting Agenda / Meeting Minutes

October 12, 2023

Meeting Agenda / Meeting Minutes / Meeting Minutes (Devens Residents Session)

September 14, 2023

Meeting Agenda / Meeting Minutes

August 10, 2023

Meeting Agenda / Meeting Minutes

July 13, 2023

Meeting Agenda / Meeting Minutes

June 8, 2023

Meeting Agenda / Meeting Minutes

May 24, 2023

Special Meeting Agenda  /  Special Meeting Minutes

May 11, 2023

Meeting Agenda  /  Meeting Minutes

April 13, 2023

Meeting Agenda  /  Meeting Minutes

March 9, 2023

Meeting Agenda  /  Meeting Minutes

February 16, 2023

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January 12, 2023

Meeting Agenda  /  Meeting Minutes

New Bedford State Pier

The New Bedford State Pier is located at the heart of New Bedford’s waterfront, providing a hub for marine commerce and passenger ferry activity across the eight-acre property. Owned by the Commonwealth of Massachusetts through its Department of Conservation & Recreation, the property has been managed and operated by MassDevelopment since 2017.

MassDevelopment strives to maximize the property’s utilization around activities that support both the property and its local and regional context, along with the broader economic development outcome that such a dynamic asset creates. With current users including the seasonal passenger ferries to the islands of Nantucket, Martha’s Vineyard, and Cuttyhunk, international cargo bound for U.S. and Canadian markets, commercial fishing berthing, offloading and gear storage, marine refueling, related law enforcement, and the home of the Commonwealth’s historic schooner the Ernestina Morrisey, the property is diverse, well utilized, and always open to new ideas.

For more information:

Jessica Muldoon, VP Asset Management
93 State Pier, New Bedford, MA 02740
Office: 508-985-6800
Mobile: 617-908-7685

Jodrey State Pier

The Jodrey State Pier is located within the City of Gloucester, America’s oldest fishing port. With its focused mission of supporting the commercial fishing industry, the eight-acre site houses a small multi-tenant office building, blast-freezers, refrigeration and seafood processing warehouses, deep water berths, and a floating marina that currently accommodates more than fifty lobster vessels. MassDevelopment’s predecessor, the Government Land Bank, leased the property in 1995 with current extensions through 2039. The agency leases and licenses use of the property with minimal transient availability.

For more information:

Jessica Muldoon, VP Asset Management
2 State Fish Pier, Gloucester, MA 01930
Office: 508-985-6800
Mobile: 617-908-7685

Devens

Located in Central Massachusetts, Devens is a 4,400-acre mixed-use community and an award-winning model for military base reuse. After serving as the U.S. Army’s New England headquarters for 79 years, Fort Devens was closed in 1996. MassDevelopment purchased the property and, with financial support from the Commonwealth, is redeveloping Devens into a sustainable and diverse mixed-use community.

Devens Operations
33 Andrews Parkway, Devens, MA 01434
Phone: 978-784-2900

MassDevelopment is the Commonwealth of Massachusetts’ development finance agency and land bank, dedicated to stimulating business growth, advancing economic development, and strengthening communities statewide.

The agency provides flexible financing and technical assistance through loans, tax-exempt bonds, grants, real estate services, and other resources tailored to the needs of businesses, nonprofits, developers, lenders, and municipalities.

Formed in 1998 through the merger of the Massachusetts Government Land Bank and the Massachusetts Industrial Finance Agency, MassDevelopment expanded its capabilities in 2010 when the Massachusetts Health and Educational Facilities Authority joined the agency, strengthening its tax-exempt bond financing programs. In 2025, the Massachusetts Growth Capital Corporation merged into MassDevelopment, further enhancing support for small businesses through alternative funding, targeted resources, and technical assistance.

In fiscal year 2026, MassDevelopment financed or managed 538 projects, generating more than $6.52 billion in investment, supporting an estimated 42,113 jobs, and helping create or preserve 4,355 housing units across Massachusetts.

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