Category Archives: Economic Development
The Stimulus Relief Package and You
Dear Friends, Congress has just passed and we anticipate that the President will shortly sign the much heralded Coronavirus Stimulus Relief Package. It is a far reaching law that covers a lot of ground and helps a great many people and businesses. The news coverage to date has been sketchy and we all have many […]
State-Mandated 2-Week Shutdown of Physical Workplaces for Non-Essential Businesses & Overview of the New Paid Leave Laws
Dear Friends, We hope this newsletter finds you well and taking appropriate steps to remain healthy in the face of the current public health emergency. We are writing to alert you to Governor Charlie Baker’s order today requiring all Massachusetts businesses and organizations that do not provide “COVID-19 Essential Services” to close their physical workplaces […]
Opportunity Zone Project Underway for BayCoast Bank
We are very pleased to have been able to represent BayCoast Bank in the acquisition of the Standard Times Building on Rt. 18 and Elm Street in New Bedford through an Opportunity Zone entity. Through this strategic Opportunity Zone acquisition, BayCoast Bank has made a significant investment in New Bedford that is expected to expand […]
Opportunity Zones & Qualified Opportunity Funds: An Emerging Economic Development and Investment Tool Worth Considering
The Opportunity Zone program is an important new community economic development and investment tool created in late 2017 by the federal Tax Cuts and Jobs Act. This program is designed to incentivize long-term private investments in economically distressed communities (including a number of areas in the SouthCoast) through a highly tax-advantaged investment vehicle called a […]
