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Category Archives: Real Estate Development

Local and Regional Economic Development Opportunities Under Massachusetts’ New “Act Enabling Partnerships for Growth”

You may have heard that Governor Baker recently signed House Bill H5250, entitled “An Act enabling partnerships for growth.” We have been closely reviewing this new economic development law, and we are excited to share with you that it contains a wide variety of economic development incentives for both SouthCoast businesses and residents generally, and the […]

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 […]

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