Incentives and Business Support

-A A +A

North Quabbin Loan Fund
Aims to support economic development and job creation in the 9-town North Quabbin region by providing access to capital that may not be available through traditional lending channels. Loans can help cover start-up business costs, acquisitions, equipment, and more. More information here. 
 
Workforce Development Training Fund 
A state fund enacted into law in July 1998 and financed entirely by Massachusetts employers. Its purpose is to provide resources to Massachusetts businesses and workers to train current and newly hired employees. Find an overview, here!
 
Tax Increment Financing

In Athol we are always looking for opportunities to help with new and/or revitalizing areas related to the Business Park or the Downtown Area. To accomplish this we offer "Tax Increment Financing Opportunities. If you or your business would like consideration for this program, contact the Planning Office - and complete the "Business Park & Downtown Economic Opportunity Area Application."
 
Economic Development Incentive Program (EDIP)
State (and local) tax incentives may be available for your [manufacturing] business' expansion or relocation to Athol. See more here. Note, Athol is not a gateway community. We ARE an ETA (Economic Target Area).