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Pickering Wharf Realty Trust
Pickering Wharf Hotel
Application for Certified Project Designation
Tax Increment Financin Plan
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Presented to:
Economic Assistance Coordinating Council
David A. Tibbetts and Jane Wallace Gumble, Co-Chairs
Presented by:
The City of Salem
Stanley J. Usovicz, Jr., Mayor
and
Pickering Wharf Realty Trust
June 16, 1998
Pickering Wharf Realty Trust
Pickering Wharf Hotel
Application for Certified Project Designation
Tax Increment Financing Plan
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Presented to:
Economic Assistance Coordinating Council
David A. Tibbetts and Jane Wallace Gumble, Co-Chairs
Presented by:
The City of Salem
Stanley J. Usovicz, Jr., Mayor
and
Pickering Wharf Realty Trust
June 16, 1998
Pickering Wharf Realty Trust
Pickering Wharf Hotel
Application for Certified Project Designation
Tax Increment Financin Plan
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Presented to:
Economic Assistance Coordinating Council
David A. Tibbetts and Jane Wallace Gumble, Co-Chairs
Presented by:
The City of Salem
Stanley J. Usovicz, Jr., Mayor
and
Pickering Wharf Realty Trust
June 16; 1998
Pickering Wharf Realty Trust
Pickering Wharf Hotel
Application for Certified Project Designation
Tax Increment Financing Plan
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Presented to:
Economic Assistance Coordinating Council
David A. Tibbetts and Jane Wallace Gumble, Co-Chairs
Presented by:
The City of Salem
Stanley J. Usovicz, Jr., Mayor
and
Pickering Wharf Realty Trust
June 16, 1998
Pickering Wharf Realty Trust
Pickering Wharf Hotel
Application for Certified Project Designation
Tax Increment Financing Plan.__
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Presented to:
Economic Assistance Coordinating Council
David A. Tibbetts and Jane Wallace Gumble, Co-Chairs
Presented by-
The City of Salem
Stanley J. Usovicz, Jr., Mayor
and
Pickering Wharf Realty Trust
June 16, 1998
CERTIFIED PROJECTS/"EXCEPTIONAL OPPORTUNITIES"
The Economic Assistance Coordinating Council (EACC) has designated 220 Certified Projects
to date, each of which is wholly within a designated Economic Opportunity Area. In addition,
the EACC has approved four "Exceptional Opportunities" - projects which create at least 100
net new permanent full-time jobs or increase its current job level by at least 50%, and are
thereby eligible to enter into a Tax Increment Financing Agreement with the municipality in
which the project is located. To date, the Economic Development Incentive Program has been
instrumental in the creation of 19,205 new permanent full-time jobs and over $2.17 billion
in private investment, while retaining 32,541 jobs in the Commonwealth.
** For Certified Projects and "Exceptional Opportunities" with Tax Increment Financing
Agreements, the percentage exempted from real estate tax is noted for each year of the
Agreement. All "Exceptional Opportunities" are described in italics.
Adams
■ Crown Vantage (fine specialty paper manufacturer) (4/96)
Municipal Incentive: Tax Increment Financing (20 years: 100% each year)
■ 1 new job, 106 jobs retained, $1.6 million in private investment
■ Renfrew Center (Novtex Corporation and NBIPDC) (6/97)
Municipal Incentive: TIF (14 years: 1-7:100-87.5-75-62.5-50-37.5-25-12.5)
■ 70 new jobs, 39 jobs retained, $1.85 million in private investment
Attleboro
■ CASTechnologies, Inc. (manufacturer of precision metal castings) (11/95)
Municipal Incentive: Special Tax Assessment
■ 10 new jobs, 11 jobs retained, $175,000 in private investment
■ D & D Custom Linocraft, Inc. (floor covering business) (6/96)
Municipal Incentive: Special Tax Assessment
■ 2 new jobs, 8 jobs retained, $50,000 in private investment
■ Morin's, Inc. (caterer) (6/96)
Municipal Incentive: TIF (12 years: Years 1-8: 100%; 80%-60%-40%-20%)
■ 4 new jobs, 150 jobs retained, $65,000 in private investment
■ 3-D Welding, Inc. & Red Mettle, LLC (welder & steel fabricator) (7/97)
Municipal Incentive: Tax Increment Financing (7 years: 100-50-50-40-30-20-10)
■ 7 new jobs, 12 jobs retained, $282,500 in private investment
■ National Van Sales, Inc. (van converter and retailer) (9/97)
Municipal Incentive: Special Tax Assessment
■ 7 new jobs, 16 jobs retained, $400,000 in private investment
■ Stern Metals, Inc/Stemgold/Implamed Div. (mfr. of dental prod.) (9/97)
Municipal Incentive: TIF (15 yrs: 100-100-100-90-80-70-60-50-40-30-20-10-10-10-10)
■ 10 new jobs, 150 jobs retained, $9.01 million in private investment
■ Stem-Leach Co. & HHS Acquisition (mfr. of precious metals mill prod.) (9/97)
Municipal Incentive: TIF (15 yrs: 100-100-100-90-80-70-60-50-40-30-20-10-10-10-10)
■ 147 new jobs, 598 jobs retained, $22.25 million in private investment
■ General Metal Finishing Co., Inc. (high-tolerance metal finishing) (9/97)
Municipal Incentive: TIF (15 yrs: 100-100-100-90-80-70-60-50-40-30-20-10-10-10-10)
■ 10 new jobs, 117 jobs retained, $2.26 million in private investment
■ Brainin Advance Industries, Inc. (mfr. of electrical contacts) (9/97)
Municipal Incentive: TIF (15 yrs: 100-100-100-90-80-70-60-50-40-30-20-10-10-10-10)
■ 10 new jobs, 150 jobs retained, $9.01 million in private investment
1
Ayer
■ Northeast Hot-Fill Co-op, Inc. (hot-fill bottling company) (9/94)
Municipal Incentive: Special Tax Assessment
■ 27 new jobs, 72 jobs retained, $9.5 million in private investment
■ New England Milling Company, Inc. (pasta and bakery flour mill) (7/94)
Municipal Incentive: Special Tax Assessment
■ 7 new jobs, 28 jobs retained, $2.3 million in private investment
■ Nasoya.Foods, Inc. (soy-based food producer) (11/96)
Municipal Incentive: Special Tax Assessment
■ 175 new jobs, 77 jobs retained, $16 million in private investment
Barnstable
■ EXCEL, Incorporated (telecommunications, software manufacturer) (7/95)
Municipal Incentive: Special Tax Assessment
■ 120 new jobs, 80 jobs retained, $2 million in private investment
■ The Woman's Body Shopp, Inc. (fitness facility) (12/96)
Municipal Incentive: Tax Increment Financing (5 years: 10% per year)
■ 15 new jobs, 5 jobs retained, $940,000 in private investment
Beverly
■ CP Clare Corporation (mfr. of products for the semiconductor industry) (11/95)
Municipal Incentive: Tax Increment Financing (5 years: 5%-4%-3%-2%-1%)
■ 150 new jobs, 200 jobs retained, $18 million in private investment
■ Beverly Commerce Park, Inc. (property management firm) (12/96)
Municipal Incentive: TIF (10 years: Years 1-5:100%; Years 6-10: 50%)
■ 15 new jobs, 30 jobs retained, $13.5 million in investment
■ Collagenesis, Inc. (manufacturer of collagen technologies) (6/97)
Municipal Incentive: See Beverly Commerce Park, Inc.
■ 20 new jobs, 43 jobs retained, $2 million in private investment
Billerica
■ Bay Networks, Inc. (manufacturer of computer networking devices) (12/95)
Municipal Incentive: Tax Increment Financing (5 years: 80%-60%-40%-20%-10%)
■ 25 new jobs, 181 jobs retained, $2.9 million in private investment
■ ASE Americas, Inc. (mfr. of photovoltaic modules for electric power) (12/95)
Municipal Incentive: Special Tax Assessment
■ 70 new jobs, 81 jobs retained, $18.2 million in private investment
■ I Square Technology, Inc. (mfr. of circuit assemblies and electronic sys.) (6/96)
Municipal Incentive: TIF (10 years:90-80-70-60-50-40-30-20-10-1)
■ 100 new jobs, 90 jobs retained, $11 million in private investment
■ Cabot Corporation (manufacturer of specialty chemicals and materials) (6/96)
Municipal Incentive: TIF (7 years: 99%-98%-97%-50%-30%-20%-12%)
■ 50 new jobs, 300 jobs retained, $9 million in private investment
Boston
■American Engineered Components, (mfr. of Carr plug buttons/eng.stmpgs) (6/96)
Municipal Incentive: Special Tax Assessment
■ 5 new jobs, 167 jobs retained, $2.5 million in private investment
Braintree
■ Massachusetts Heavy Industries, Inc. (Shipyard) (See Quincy) (9/97)
Municipal Incentive: Special Tax Assessment (100% exemption for 5 years)
■ 1050 new jobs, 12 jobs retained, $71 million in private investment
2
Brockton ,
■ JACL Corporation/Screaming Sheep Rehearsal Studio (rehearsal studio) (12/95)
Municipal Incentive: Special Tax Assessment
■ 2 new jobs, $135,000 in private investment
■ New Hotel Bryant, Inc. (hotel/restaurant/function facility) (12/95)
Municipal Incentive: Special Tax Assessment
■ 3 new jobs, $580,000 in private investment
■ Restmore Sleep Products, Inc. (bedding mfr.) (12/95)
Municipal Incentive: Special Tax Assessment
■ 17 new jobs, 35 jobs retained, $800,000 in private investment
■ Powers Pharmaceutical Corp. (mfr. of cough drops) (8/96)
Municipal Incentive: TIF (10.5 years: 1-100-90-90-100-100-20-20-20-20-20)
■ 40 new jobs, 188 jobs retained, $3.5 million in private investment
■ Crescent Realty Trust & John Kironwo Export & Imports (12/96)
Municipal Incentive: Special Tax Assessment
■ 1 new job, 2 jobs retained, $33,000 in private investment
■ Crescent Realty Trust & Barry Koretz Associates (architectural firm) (12/96)
Municipal Incentive: Special Tax Assessment
■ 5 new jobs, 20 jobs retained, $33,000 in private investment
■ Crescent Realty Trust & Bristol Millwork, Inc. (fine wood millwork) (12/96)
Municipal Incentive: Special Tax Assessment
■ 5 new jobs, 15 jobs retained, $34,000 in private investment
■ Fairfield Farm Kitchens, Inc. (custom maker & packager of frozen food) (12/96)
Municipal Incentive: Special Tax Assessment
■ 66 new jobs, $3.75 million in private investment
■ LeBaron Foundry, Inc. (manufacturer of cast iron products) (12/96)
Municipal Incentive: Tax Increment Financing (100-100-60-40-30)
■ 8 new jobs, 94 jobs retained, $800,000 in private investment
■ Manco Ind., Inc. dba Ford Street Motors (auto repair and dealership) (12/96)
Municipal Incentive: Special Tax Assessment
■ 4 new jobs, 2 jobs retained, $150,000 in private investment
■ Brockton Neighborhood Health Center (community health center) (5/97)
Municipal Incentive: Tax Increment Financing (100-90-80-60-30)
■ 27 new jobs, 30 jobs retained, $532,000 in private investment
■ Titleist and Foot-Joy Worldwide (shoe manufacturer) (5/97)
Municipal Incentive: Special Tax Assessment
■ 1 new job, 239 jobs retained, $1.02 million in private investment
Buckland
■ Lamson & Goodnow (manufacturer of high-quality cutlery products) (6/96)
Municipal Incentive: TIF (10 years: 100-100-100-90-80-80-70-60-50-25)
■ 25 new jobs, 61 jobs retained, $6.85 million in private investment
Burlington
■ Sun Microsystems, Inc. (6/97)
Municipal Incentive: Tax Increment Financing (20 years: 34% per year)
■ 3100 new jobs, 900 jobs retained, $210 million in private investment
Canton
■ Stoneridge, Inc. - Pollak Engineered Products Division (6196)
Municipal Incentive: TIF (7 years: 50%-50%-50%-25%-25%-25%-25%)
■ 150 new jobs, 225 jobs retained, $1.8 million in private investment
3
Canton (Cont.)
■ Reebok International, Ltd. (corporate world headquarters) (5/97)
Municipal Incentive: Tax Increment Financing (20 years: formulaic)
■ 100 new jobs, 700 jobs retained, $40 million in private investment
Charlemont
■ Jon-Car, Inc. dba Valley View Farms (Agro-tourism) (12/96)
Municipal Incentive: Tax Increment Financing (5 years: 50-45-40-30-20)
■ 22 new jobs, 2 jobs retained, $1.5 million in private investment
Charlton
■ FiberCore, Inc. (optical fiber manufacturer and marketer) (12/96)
Municipal Incentive: Tax Increment Financing (Contingently structured)
■ 200 new jobs, 8 jobs retained, $25 milllion in private investment
Chelsea
■ Restaurant Depot (food product wholesaler) (12/96)
Municipal Incentive: Tax Increment Financing (10 years: 45-40-38-33-28-23-18-13-8-4)
■ 70 new jobs, $4 million in private investment
Chicopee
■ Dunsirn Industries, Inc. (film and paper converter) (5/97)
Municipal Incentive: Tax Increment Financing (10 years: 50-20-15-10(years 4-10))
■ 70 new jobs, 70 jobs retained, $3.1 million in private investment
■ Leonische of America, Inc. (manufacturer and retailer of multi-strand wire) (6/97)
Municipal Incentive: Tax Increment Financing (5 years: 20-15-10-10-10)
■ 30 new jobs, 63 jobs retained, $5.5 million in private investment
■ Mercer Paper Tube Corporation (manufacturer of paper tubing products) (6/97)
Municipal Incentive: Tax Increment Financing (5 years: 20-15-10-10-10)
■ 15 new jobs, 34 jobs retained, $3.6 million in private investment
■ Spalding and Evenflo Companies, Inc. (mfr. of sporting goods) (9/97)
Municipal Incentive: TIF (10 yrs: 70-70-70-10-10-5-5-5-5-5)
■ 151 new jobs, 865 jobs retained, $26 million in private investment
Colrain
■ Veratec, Division of I.P. (cotton bleachery; mfr. of medical supplies) (3/97)
Municipal Incentive: Tax Increment Financing (5 years:100-80-60-40-20)
■ 4 new jobs, 70 jobs retained, $4 million in private investment
Dartmouth
■ Titleist and Foot-Joy Worldwide - Ball Plant II (golf ball mfg facility) (6/96)
Municipal Incentive: Tax Increment Financing (5 years: 40% each year)
■ 24 new jobs,325 jobs retained, $29 million in private investment
Deerfield
■ Channing L. Bete Co., Inc. (publisher of informational materials) (6/95)
Municipal Incentive: Tax Increment Financing (5 years: 100%-75%-50%-50%-25%)
■ 125 new jobs, 300 jobs retained, $5.5 million in private investment
■ Pro Pel Plastechs, Inc. (plastics recycler) (5/97)
Municipal Incentive:Tax Increment Financing(10 years: 80-70-60-50-40-40-30-30-20-10)
■ 6 new jobs, 15 jobs retained, $1.45 million in private investment
Devens ■ Performance Corrugated, Inc. (corrugated sheet producer) (11/96)
■ 50 new jobs, $14.9 million in private investment '
Dighton
■ Dighton Power Associates L.P. (gas-powered cogeneration plant) (11/95)
Municipal Incentive: Tax Increment Financing (10 years: 80% each year)
■ 15 new jobs, $50 million in private investment
4
Fairhaven ,
■ Titleist and Foot-Joy Worldwide - Packaging Center (mfr of sporting goods) (6/96)
Municipal Incentive: Tax Increment Financing (5 years: 40% each year)
■ 10 new jobs, 55 jobs retained, $5.5 million in private investment
■ AT&T corporation (customer sales and service center) (5/97)
Municipal Incentive: Tax Increment Financing (5 years: 40% per year)
■ 1,000 new jobs
Fall River
■ Lightolier (lighting fixture manufacturer) (12/94)
Municipal Incentive: TIF (19 yrs: 1-2: 100; 3-5: 90; 6-10: 75; 11-15: 50; 16-19: 25)
■ 80 new jobs, 30 jobs retained, $3 million in private investment
■ M&D Partnership/American Dryer Corp. (clothes dryer manufacturer) (11/95)
Municipal Incentive: Tax Increment Financing (10 years: 50% each year)
■ 12 new jobs, 233 jobs retained, $1.1 million in private investment
■ Quaker Fabric Corporation (manufacturer of woven upholstery fabrics) (11/95)
Municipal Incentive: Tax Increment Financing (10 years: 50% each year)
■ 165 new jobs, 1,567 jobs retained, $47 million in private investment
■ Priority Finishing Corp. (dyeing/finishing/multi-color printing operation) (12/95)
Municipal Incentive: Tax Increment Financing (10 years: 50% each year)
■ 50 new jobs, 203 jobs retained, $2.6 million in private investment
■ Airtec Products, Corp. (manufacturer of plastic diffusers) (5/97)
Municipal Incentive: TIF (10 years: 100-25-25-25-25-15-15-15-15-15)
■ 14 new jobs, 6 jobs retained, $600,000 in private investment
■ F. Nasiff, Jr. & Co. Inc.( fruit & produce wholesaler) (6/97)
Municipal Incentive: Tax Increment Financing (5 years: 1-25-50-75-100)
. ■ 5 new jobs, 30 jobs retained, $300,000 in private investment
■ IQF Custom Packing, Inc. (seafood freezing operation) (6/97)
Municipal Incentive: Tax Increment Financing (5 years: 100-80-65-35-35)
■ 40 new jobs, 22 jobs retained, $1.3 million in private investment
■ C.H. Yates Rubber Corp. (mfr. of rubber & plastic molded products) (7/97)
Municipal Incentive: TIF (10 years: 100-25-25-25-25-15-15-15-15-15)
■ 20 new jobs, 86 jobs retained, $1.2 million in private investment
■ Pep Boys (automotive aftermarket retailer) (7/97)
Municipal Incentive: Tax Increment Financing (5 years: 50-40-30-20-10)
■ 10 new jobs, $1.8 million in private investment
Falmouth
■ Woodshole Landholdings, LLC (Real estate developer/technology incubator) (5/97)
Municipal Incentive: TIF (10 years:100-95-90-85-80-75-60-45-30-15)
■ 9 new jobs, 29 jobs retained, $1.3 million in private investment
Fitchburg
■ Intercontinental Recycling Corporation (paper deinking facility) (12/94)
Municipal Incentive: Tax Increment Financing (5 years: 100%-80%-60%-40%-20%)
■ 120 new jobs, $25 million in private investment
Framingham
■ ADESA Boston (auto auction company) (12/94)
Municipal Incentive: TIF (10 years: 95%-90%-85%-80%-75%-65%-55%-45%-35%-25%)
■ 100 new jobs, 50 jobs retained, $6 million in private investment
■ Natural Microsystems Corp./NDNE 9/90 Crsng (telecomm/ technologies ) (7/96)
Municipal Incentive: TIF (15 years: 75-70-65-60-55-50-45-40-35-30-25-20-15-10-5)
■ 403 new jobs, 102 jobs retained, $7.6 million in private investment
5
Framingham (cont.) y
■ Staples, Inc. (corporate headquarters for office supply retailer) (5/97)
Municipal Incentive: TIF (10 years: 90-85-80-75-70-65-60-55-50-45)
■ 2215 new jobs, 1390 jobs retained, $75 million in private investment
Gardner
■ Horrigan Cleaners, Inc. (retail and commercial dry cleaner) (11/95)
Municipal Incentive: Special Tax Assessment
■ 2 new jobs, 16 jobs retained, $650,000 in private investment
■ Data-Guide Cable Corporation (wire and cable manufacturer) (2/96)
Municipal Incentive: Special Tax Assessment
■ 20 new jobs, 102 jobs retained, $1.5 million in private investment
Gloucester
■ Varian Ion Implant Systems (manufacturer of ion implanters) (9/95)
Municipal Incentive: Tax Increment Financing (9 years: 100-88-76-64-52-40-28-16-4)
■ 100 new jobs, 950 jobs retained, $79.5 million in private investment
■ Comdel, Inc. (mfr. for semiconductor and industrial coatings industries) (12/95)
Municipal Incentive: Tax Increment Financing (5 years: 100%-80%-60%-40%-20%)
■ 15 new jobs, 50 jobs retained, $815,000 in private investment
■ C.B. Fisk, Inc. (manufacturer of large-scale musical organ instruments) (6/96)
Municipal Incentive: Tax Increment Financing (5 years: 90%-70%-50%-30%-10%)
■ 4 new jobs, 19 jobs retained, $675,000 in private investment
■ Kathleen-Julie Fisheries (fishing and fish processing operation) (8/96)
Municipal Incentive: TIF (7 years: 87.5%-75%-67.5%-50%-37.5%-25%-12.5%)
■ 9 new jobs, $2.95 million in private investment
■ Elliott Shipping Co., Inc. (berthing & cargo facilities) (12/96)
Municipal Incentive: TIF (14 years: 5% declining exemption with year 1 at 100%)
■ 3 new jobs, $600,000 in private investment
■ The Essex Collection, Inc. (manufacturer of decorative accessories) (12/96)
Municipal Incentive: Tax Increment Financing (5 years: 90-70-50-30-10)
■ 2 new jobs, 16 jobs retained, $470,000 in private investment
■ Gorton's aka CONOPCO, Inc. (frozen food processor) (12/96)
Municipal Incentive: TIF (14 years: 5% declining exemption with year 1 at 100%)
■ 62 new jobs, 70 jobs retained, $1.3 million in private investment
■ G.M.F. Corp. (fish packing & processing) (7/97)
Municipal Incentive: Tax Increment Financing (7 years: 87.5-75-62.5-50-37.5-25-12.5)
■ 8 new jobs, 7 jobs retained, $1.35 million in private investment
■ LePage's, Inc. (mfr. of adhesive-based products) (7/97)
Municipal Incentive: Tax Increment Financing (5 years:90-70-50-30-10)
■ 40 new jobs, 67 jobs retained, $4 million in private investment
■ NutraMax Products, Inc. (mfr. of health & beauty aids) (9/97)
Municipal Incentive: TIF (5 yrs: 90-70-50-30-10)
■ 20 new jobs, 270 jobs retained, $8.97 million in private investment
Greenfield
■ Argotec, Inc. (polyurethane film and sheets manufacturer) (2/95)
Municipal Incentive: Tax Increment Financing (5 years: 80%-60%-40%-20%-5%)
■ 10 new jobs, 6 jobs retained, $1 million in private investment
■ Lunt Silversmiths (manufacturer of fine silver products) (7/96)
Municipal Incentive: TIF (10 years: 100-90-80-70-60-50-40-30-20-10)
■ 40 new jobs, 116 jobs retained, $5.5 million in private investment
6
Greenfield (Cont.)
■ Andy's of Greenfield, Inc. (manufacturer and retailer of fine oak furniture) (10/96)
Municipal Incentive: Tax Increment Financing (5 years: 100%-80%-60%-40%-20%)
■ 2 new jobs, 3 jobs retained, $90,000 in private investment
■ Main Street Millwork, Inc. (manufacturer of wood mouldings) (6/97)
Municipal Incentive: Tax Increment Financing (5 years: 50% per year)
■ 5 new jobs, 8 jobs retained, $537,000 in private investment
Haverhill
■ N. Essex Community Mental Health Services, Inc. (outpatient services) (12/94)
Municipal Incentive: Special Tax Assessment
■ 25 new jobs, 45 jobs retained, $1 million in private investment
■ Mason & Hamlin Piano Company (manufacturer of pianos) (8/96)
Municipal Incentive: Special Tax Assessment
■ 87 new jobs, 13 jobs retained, $395,000 in private investment
Holyoke
■ U.S. Tsubaki, Inc. (mfr. of chains used in industrial applications) (6/95)
Municipal Incentive: Tax Increment Financing (5 years: 100%-75%-50%-25%-5%)
■ 126 new jobs, 295 jobs retained, $55 million in private investment
■ Monico, Inc. (computer monitor repair & resale) (9/97)
Municipal Incentive: Special Tax Assessment
■ 10 new jobs, 4 jobs retained, $175,000 in private investment
Hopedale
■ TNG Draper Place, LLC (Assisted Living Facility) (5/97)
Municipal Incentive: Tax Increment Financing: (100-80-60-40-20)
■ 48 new jobs, $5.3 million in private investment
Ipswich
■ EBSCO Publishing (mfr of database products for the library market) (11/95)
Municipal Incentive: Tax Increment Financing (15 years: 62% each year)
■ 150 new jobs, 160 jobs retained, $4.5 million in private investment
Lawrence
■ Contract Assembly, Inc. (assemble units for customers by specific contract) (12/94)
Municipal Incentive: Special Tax Assessment
■ 75 new jobs, 50 jobs retained, $615,000 in private investment
■ RPP Corp.(design and production of coated and fabric industrial seals) (5/95)
Municipal Incentive: Special Tax Assessment
■ 25 new jobs, 75 jobs retained, $950,000 in private investment
■ New Balance Athletic Shoe, Inc. (mfr. of variety of athletic footwear) (9/95)
Municipal Incentive: Special Tax Assessment
■ 200 new jobs, 325 jobs retained, $15 million in private investment
■ C.I.L., Inc. (custom metal finisher) (2/96)
Municipal Incentive: Special Tax Assessment
■ 10 new jobs, 35 jobs retained, $1.3 million in private investment
■ GEM Group, Inc. (supplier of products to retail markets) (6/96)
Municipal Incentive: TIF (11 years: 90-75=75-65-65-50-50-30-30-30-30)
■ 130 new jobs, 180 jobs retained, $5.6 million in private investment
■ B.G. Peck Co., Inc. (custom parts manufacturer) (3/97)
Municipal Incentive: Special Tax Assessment
■ 21 new jobs, 67 jobs retained, $1.53 million in private investment
7
Lawrence (cont.)
■ Telcom USA, Inc. (world's largest mfr.of polyethylene flower pots) (7/96)
Municipal Incentive: Special Tax Assessment
■ 100 new jobs, $4.1 million in private investment
■ Corporate Express of the East, Inc. (worldwide supplier of office products) (10/96)
Municipal Incentive: Special Tax Assessment
■ 57 new jobs, 185 jobs retained, $11.5 million in private investment
■ Malden Mills Industries, Inc. (manufacturer of textiles) (6/97)
Mun.Incentive:TIF(17years: 100-100-90-90-90-80-80-80-80-80-60-60-60-60-60-60-60)
■ 785 new jobs, 1716 jobs retained, $265 million in private investment
■ Techprmt, Inc. (specialty printer) (7/97)
Municipal Incentive: Special Tax Assessment
■ 40 new jobs, 89 jobs retained, $2.53 million in private investment
Lee
■ Crescent Cardboard Company (mfr. and distributer of Mat Board products) (6/95)
Mun. Incentive: TIF (10 years: 100%-90%-80%-70%-60%-50%-40%-30%-20%-10%)
■ 25 new jobs, 25 jobs retained, $3 million in private investment
Leominster
■ F & M Tool and Plastics, Inc. (mfr. of molds for the plastics industry) (12/95)
Municipal Incentive: Tax Increment Financing (5 years: 100%-75%-50%-25%-1%)
■ 17 new jobs, 60 jobs retained, $1 million in private investment
■ C-Plastics Corporation (plastics industry moldmaker) (4/96)
Municipal Incentive: TIF (7 years: 100%-85%-70%-55%-40%-25%-10%)
■ 25 new jobs, 75 jobs retained, $2 million in private investment
■ United Plastics (United Comb & Novelty Corp.) (plastics mfr.) (5/97)
Municipal Incentive: Tax Increment Financing (Conditionally structured)
■ 20 new jobs, 120 jobs retained, $3.7 million in private investment
Lowell
■ Delphi Internet Services (an Internet on-line computer service provider) (6/95)
Municipal Incentive: TIF (8 years: 6%-60%-70%-70%-60%-60%-60%-60%)
■ 600 new jobs, 100 jobs retained, $47.5 million in private investment
■ Cross Point L.P. (developer/manager of the Cross Point complex) (12/95)
Municipal Incentive: TIF (8 years: 6%-60%-70%-70%-60%-60%-60%-60%)
■ 3 new jobs, $5.2 million in private investment
■ Little Sprouts Child Enrichment Center, Inc. (child care provider) (12/95)
Municipal Incentive: TIF (8 years: 6%-60%-70%-70%-60%-60%-60%-60%)
■ 40 new jobs, $78,000 in private investment
■ Cass Information Systems, Inc: (management information service provider) (12/95)
Municipal Incentive: TIF (8 years: 6%-60%-70%-70%-60%-60%-60%-60%)
■ 60 new jobs, 102 jobs retained, $800,000 in private investment
■ Healthcare Staffing Solutions d/b/a HEALTH TOUR ( personnel agency) (12/95)
Municipal Incentive: TIF (8 years: 6%-60%-70%-70%-60%-60%-60%-60%)
■ 50 new jobs, 70 jobs retained, $2 million in private investment
■ Sykes Enterprises, Inc. (professional services organization) (12/95)
Municipal Incentive: TIF (8 years: 6%-60%-70%-70%-60%-60%-60%-60%)
■ 110 new jobs, $4.5 million in private investment
■ Demoulas Super Markets, Inc. (super market chain ) (12/95)
Municipal Incentive: Tax Increment Financing (10 years: 100% exemption each year)
■ 13 new jobs, 10 jobs retained, $2.9 million in private investment
8
Lowell (Cont.)
■ Gateway Center Corporation (Developer of the Gateway Center Project) (9/97)
Municipal Incentive: TIF (10 yrs: 74-74-74.08-61.6-56.9-52.2-47.4-37.9-28.5-19)
(Numbers attributable to 7 Tenants listed below)
■ 48 new jobs, 31 jobs retained, $4 million in private investment (Total)
■ Pearson & Pearson Law Firm (9/97)
Municipal Incentive: See Gateway Center TIF
■ 7 new jobs, 12 jobs retained, $12,000 in private investment
■ West Coast Video, c/o HB Associates, LLC (video store) (9/97)
Municipal Incentive: See Gateway Center TIF
■ 3 new jobs, $25,000 in private investment
■ Butler Bank - A Cooperative Bank (9/97)
Municipal Incentive: See Gateway center TIF
■ 15 new jobs, 16 jobs retained, $528,000 in private investment
■ Edward J. Moloney, Jr. - Attorney (9/97)
Municipal Incentive: See Gateway Center TIF
■ 2 new jobs, 1 job retained, $5,000 in private investment
■ New England Neurological Associates, P.C. (9/97)
Municipal Incentive: See Gateway Center TIF
■ 2 new jobs, $32,848 in private investment
■ Neuro Rehab Associates, Inc. d/b/a Northeast Rehab. Hospital (9/97)
Municipal Incentive: See Gateway Center TIF
■ 17 new jobs, $25,305 in private investment
■ Ahern & DeWitt Law Offices (9/97)
Municipal Incentive: See Gateway Center TIF
■ 2 new jobs, 2 jobs retained, $5,000 in private investment
Lynn
■ West Lynn Creamery (regional dairy and juice mfr/distr.) (7/95)
Municipal Incentive:TIF(10 yrs: 100%-90%-80%-70%-60%-50%-40%-30%-20%-10%)
■ 150 new jobs, 50 jobs retained, $9 million in private investment
■ Eco Software, Inc. (internet service provider) (6/97)
Municipal Incentive: Tax Increment Financing (10 years: 100-10 in increments of 10)
■ 72 new jobs, 38 jobs retained, $1.85 million in private investment
Marlborough
■ 3 Com Corporation (manufacturer of data networking hardware) (3/97)
Municipal Incentive: Tax Increment Financing(20 years:100 to 5 in 5% increments)
■ 696 new jobs, 970 jobs retained, $75 million in private investment
■ Shipley Company, LLC (mfr. & seller of specialty chemical products) (6/97)
Municipal Incentive: Tax Increment Financing(10 years: 50-45-40-30-30-20-20-10-10-5)
■ 40 new jobs, 600 jobs retained, $17.8 million in private investment
■ Automatic Specialties, Inc. (wire & metal strip forming) (7/97)
Municipal Incentive: Tax Increment Financing (100-75-50-25-1)
■ 9 new jobs, 29 jobs retained, $1.14 million in private investment
Methuen
■ Malden Mills Industries, Inc. (textile mfr.) (See Lawrence) (9/97)
Mun. Inc.: TIF(17 yrs: 100-100-90-90-90-80-80-80-80-80-60-60-60-60-60-60-60)
■ 785 new jobs, 1716 jobs retained, $265 million in private investment
9
Middleborough
■ Christmas Tree Shops, Inc. (value retailer with 15 retail facilities in NE) (12/95)
Mun.Inc.: TIF (19 years: 25-25-25-35-35-45-45-55-55-55-45-45-45-35-35-35-25-25-25)
■ 400 new jobs, 100 jobs retained, $60 million in private investment .
Milford
■ Taylor Corporation, d/b/a Chase(producer of commercial stationery) (11/96)
Municipal Incentive: TIF (7 years:l00%-90%-70%-60%-50%-30%-l0%)
■ 150 new jobs, 113 jobs retained, $2.5 million in private investment
Montague
■ New England Extrusion, Inc. (plastics mfr - food and medical packaging) (12/94)
Municipal Incentive: Tax Increment Financing (5 years: 100%-75%-50%-50%-25%)
■ 33 new jobs, 40 jobs retained, $5 million in private investment
■ Geka Brush Manufacturing Corporation (mfr of cosmetic packaging) (6/95)
Municipal Incentive: Special Tax Assessment
■ 100 new jobs, $3.7 million in private investment
■ Ewing Power Systems (sys. integrator of steam turbine elec. gen. systems) (11/96)
Municipal Incentive: TIF (15 years: 1-8: 75%;Years 9 & 10: 50%; Years 11-15: 33%)
■ 12 new jobs, 13 jobs retained, $10.16 million in private investment
■ Heat-Fab, Inc. (mfr. of venting products) (9/97)
Municipal Incentive: TIF (10 yrs: 90-90-80-80-70-70-60-60-50-50)
■ 50 new jobs, 49 jobs retained, $4.7 million in private investment
New Bedford
■ AFC Cable Systems, Inc. (leading manufacturer of armored cable) (6/96)
Mun. Inc.: TIF ( Years 1-5: 100%; 6-10: 75%; 11-15: 50%; 16-20: 25%)
■ 50 new jobs, 170 jobs retained, $3.5 million in private investment
■ Acushnet Rubber Company, Inc. (custom molder of elastomers) . (11/96)
Municipal Incentive: TIF ( Years 1-5: 100%; 6-10: 75%; 11-15: 50%; 16-20: 25%)
■ 50 new jobs, 715 jobs retained, $1.5 million in private investment
`■ 355 Church Street L.P. & Clean Rentals, Inc. (commercial launderers) (11/96)
Municipal Incentive:TIF(Years l-5: 100;55-70-65-60-55-50-45-40-35-30-25-20-15-10-5)
■ 20 new jobs, 22 jobs retained, $3.45 million in private investment
■ Friendly Fruit, Inc. (wholesale distributor of fresh produce) (12/96)
Municipal Incentive: Tax Increment Financing (7 years: 100-80-80-60-60-40-20)
m 5 new jobs, $750,000 in private investment
■ Trio Algarvio, Inc. (seafood processing firm/aquaculture) (12/96)
Municipal Incentive: Tax Increment Financing (5 years: 100-100-40-40-20)
■ 5 new jobs, 3 jobs retained, $1.5 million in private investment
■ Sea Watch International, Ltd. (seafood/clam processing operation) (12/96)
Municipal Incentive: TIF (20 years: 1-5: 100%; 6-10:75%; 11-15:50%; 16-20:25%),
■ 100 new jobs, $6.2 million in private investment
■ Nameplates for Industry, Inc. (label mfr.; graphic design; screen printing) (3/97)
Municipal Incentive: Tax Increment Financing (8 years:100-100-75-75-50-50-25-25)
■ 9 new jobs, 42 jobs retained, $171,000 in private investment
■ Riverside Manufacturing Company (apparel manufacturing facility) (7/97)
MunicipalIncentive:TIF(15years:100-100-100-100-100-75-75-75-75-75-50-50-25-25-25)
■ 156 new jobs, 431 jobs retained, $1.86 million in private investment
Newburyport
■ Genus Corporation (manufacturer of semiconductor components) (7195)
15 year Tax Increment Financing Agreement (33% exemption each year)
■ 237 new jobs, 150 jobs retained, $6.5 million in private investment
10
North Adams
.y
■ Delf'rree Corporation (cultivator & distributor of shiitake mushrooms) (12/96)
Municipal Incentive: Tax Increment Financing (5 years: 50% per year)
■ 11 new jobs, 19 jobs retained, $746,000 in private investment
Northborough
■ Peterson Spring - Commonwealth Plant (mfr of springs and wire forms) (4/96)
Municipal Incentive: Tax Increment Financing (6 years: 50%-40%-30%-20%-10%-5%)
■ 10 new jobs, 35 jobs retained, $3.85 million in private investment
■ Grangers Nursing Home (5/97)
Municipal Incentive: Tax Increment Financing (6 years: 100-90-50-40-30-20)
■ 10 new jobs, 40 jobs retained, $4.63 million in private investment
Northfield
■ Systems, Software, Support, Inc. (computer network consultant) (3/97)
Municipal Incentive: TIF (10 years:100-90-80-70-60-50-40-30-20-10)
■ 21 new jobs, 11 jobs retained, $2.1 million in private investment
Norton
■ Plantation Products, Inc. (manufacturer of seeds and seed starting products) (6/96)
Municipal Incentive: TIF (10 years: 90%-90%-80%-80%-70%-70%-60%-60%-50%-50%)
■ 15 new jobs, 27 jobs retained, $2.8 million in private investment
Orange
■ Pete's Tire Barns, Inc. - 275 E Main Street (full tire service) (7/95)
Municipal Incentive: Tax Increment Financing (5 years: 75%-75%-50%-50%-25%)
■ 12 new jobs, 41 jobs retained, $1 million in private investment
■ Pete's Tire Barns, Inc. - 70 W River Street (retreading of earthmover tires) (7/95)
Municipal Incentive: TIF (9 years: 75%-75%-75%-50%-50%-50%-25%-25%25%)
■ 4 new jobs, $1 million in private investment
■ Production Tool & Grinding, Inc. (precision tool and cutter grinding co.) (2/96)
Municipal Incentive: TIF (7 years: 25%-35%-45%-55%-65%-75%-85%)
■ 12 new jobs, 12 jobs retained, $1.2 million in private investment
■ MicroPhotonics, Inc. (R&D operation for LCD film production) (6/96)
Municipal Incentive:TIF(10 years: 75%-75%-75%-50%-50%-50%-25%-25%-25%-5%)
■ 6 new jobs, 4 jobs retained, $5 million in private investment
■ F.L. Castine, Inc., (moving and storage business) (12/96)
Municipal Incentive: Tax Increment Financing (5 years: 25-20-15-10-5)
■ 5 new jobs, 25 jobs retained, $840,000 in private investment
■ R.H. Acquisition Corp., dba Rodney Hunt (mfr of flow-control equipment) (12/96)
Municipal Incentive: Tax Increment Financing (7 years: 50-40-30-20-15-10-5)
■ 6 new jobs, 202 jobs retained, $7.3 million in private investment
Pittsfield
■ Beloit Corporation (paper industry-related operation) (3/95)
Municipal Incentive: Special Tax Assessment
■ 15 new jobs, 10 jobs retained, $4.7 million in private investment
■ Interprint, Inc. (printer of saturating grade papers for the laminate industry) (5/95)
Municipal Incentive: Tax Increment Financing (5 years: 100%-80%-60%-40%-20%)
. ■ 25 new jobs, 51 jobs retained, $10 million in private investment
■ Pittsfield Mold & Tool Company, Inc. (mfr. of molds for the plastics ind.) (12/95)
Municipal Incentive: Special Tax Assessment
■ 23 new jobs, 45 jobs retained, $1.75 million in private investment
11
Pittsfield (Cont.)
■ Frosty Mechanical Contractors, Inc. (plumbing contractor) (6/96)
Municipal Incentive: Tax Increment Financing (5 years: 100%-80%-60%-40%-20%)
■ 6 new jobs, 30 jobs retained, $359,000 in private investment
■ Greylock Federal Credit Union (Berkshire County banking institution) (7/96)
Municipal Incentive: Special Tax Assessment
■ 36 new jobs, 37 jobs retained, $3 million in private investment
■ Dayspring Realtors, Inc. & His Management, LLC (9/97)
Municipal Incentive: Special Tax Assessment
■ 1 new job, 4 jobs retained, $182,500 in private investment
■ Van Alstyne Associates & His Management, LLC (Insurance) (9/97)
Municipal Incentive: Special Tax Assessment
■ 7 new jobs, 6 jobs retained, $182,500 in private investment
Quincy
■ Massachusetts Heavy Industries, Inc. (Shipyard) (9/97)
Municipal Incentive: Special Tax Assessment (100% exemption for 5 years)
■ 1050 new jobs, 12 jobs retained, $71 million in private investment
Salem
■ Thermal Circuits, Inc. (mfr of heaters and heater assemblies) (3/95)
Mun.Incentive:TIF(9 years: 100%-100%-12.5%-25%-37.5%-50%-62.5%-75%-87.5%)
■ 110 new jobs, 81 jobs retained, $1.17 million in private investment
■ New England Wire Assemblies, Inc. (assembler of cables ) (12/95)
Municipal Incentive: Tax Increment Financing (5 years: 100%-80%-60%-40%-20%)
■ 20 new jobs, 16 jobs retained, $275,000 in private investment
■ Ninety-Nine West, Inc. (family-style restaurant.operation) (2/96)
Municipal Incentive: Tax Increment Financing (5 years: 95%-70%-50%-30%-5%)
■ 31 new jobs, $1.15 million in private investment
■ G & M Rossi Company (retailer of stone memorials) (7/96)
Municipal Incentive: Tax Increment Financing (5 years: l00%-90%-70%-50%-30%)
■ 9 new jobs, 8 jobs retained, $187,000 in private investment
■ Heritage Museum Realty Trust(owner/developer of Museum Place Mall) (11/96)
Municipal Incentive: Tax Increment Financing (5 years: 100%-90%-85%-60%-20%)
■ 5 new jobs, 150 jobs retained, $1.7 million in private investment
Sandwich
■ Cape Cod Ice Company (manufacturer/distributor of ice) (7/96)
Municipal Incentive: Tax Increment Financing (5 years: l00%-100%-75%-50%-25%)
■ 2 new jobs, 10 jobs retained, $1 million in private investment
Somerville
■ 120 Beacon Street L.P./Noodles Restaurant (retail and wholesale pasta) (9/95)
Municipal Incentive: Tax Increment Financing (5 years: 100%-100%-80%-50%-10%)
■ 7 new jobs, 2 jobs retained, $1.2 million in private investment
■ ACCION International (non-profit organization promoting economic dev.) (12/95)
Municipal Incentive: Tax Increment Financing (5 years: 100%-100%-80%-50%-10%)
■ 6 new jobs, 22 jobs retained
■ Ferdosi, Inc. d/b/a Cafe Kismet (Mediterranean open grill restaurant) (12/95)
Municipal Incentive: Tax Increment Financing (5 years: 100%-100%-80%-50%-10%)
■ 17 new jobs, $175,000 in private investment
12
Somerville (Cont.) .1. -7
■ Political Research Associates (non-profit educational organization) (12/95)
Municipal Incentive: Tax Increment Financing (5 years: 100%-100%-80%-50%-10%)
■ 2 new jobs, 4 jobs retained
■ The Travel Collaborative (independent travel agency corporation) (12/95)
Municipal Incentive: Tax Increment Financing (5 years: 100%-100%-80%-50%-10%)
■ 4 new jobs, 23 jobs retained, $40,000 in private investment
■ Houghton Mifflin Interactive Corp.(publisher of multimedia CD Rom titles) (12/96)
Municipal Incentive: Tax Increment Financing (5 years: 80-50-10-1-1)
■ 40 new jobs, 20 jobs retained, $250,000 in private investment
■ Knapp Food, Inc., dba Knapp Video (video store) (12/96)
Municipal Incentive: Tax Increment Financing (5 years: 80-50-10-1-1)
■ 2 new jobs, 5 jobs retained, $140,000 in private investment
■ Soundstone Entertainment, Inc., (producer of computer-driven CD kiosks) (12/96)
Municipal Incentive: Tax Increment Financing (5 years: 80-50-10-1-1)
■ 17 new jobs, 9 jobs retained, $25,000 in private investment
■ F.E.I. Theatres & B.F. Properties (Somerville Theatre) (12/96)
Municipal Incentive: Tax Increment Financing (7 years: 100-5-4-3-2-1-1)
■ 2 new jobs, 19 jobs retained, $3 million in private investment
■ Someday Cafe & B.F. Properties (coffeee shop & bakery) (12/96)
Municipal Incentive: Tax Increment Financing (7 years: 100-5-4-3-2-1-1)
■ 3 new jobs, 14 jobs retained, $110,000 in private investment
■ All Rise Bakery dba Carberry's & Bakery Trust (bakery) (12/96)
Municipal Incentive: Tax Increment Financing (6 years: 100-20-10-5-5-1)
■ 31 new jobs, 2 jobs retained, $695,000 in private investment
Southbridge
■ Bernier Tool & Die, Inc. (manufacturer of plastic and die case molds) (9/95)
Municipal Incentive: Tax Increment Financing (5 years: 50%-40%-30%-20%-10%)
■ 15 new jobs, 61 jobs retained, $1.3 million in private investment
■ All Seasons Services, Inc. (food service vending provider in the NE) (12/95)
Municipal Incentive: Tax Increment Financing (5 years: 50%-40%-30%-20%-10%)
■ 8 new jobs, 66 jobs retained, $280,000 in private investment
Southwick
■ B & E Tool Company, Inc. (mfr of military&commercial machine parts) (7196)
10 year TIF (Year 1: 100%; Years 2-6: 66 213%; Years 7-10: 33 113%)
■ 27 new jobs, 54 jobs retained, $1.2 million in private investment
Springfield
■ Danaher Tool Group (mfr of hand tools for Sears, Allen, Matco) (6/95)
Municipal Incentive: Special Tax Assessment
■ 54 new jobs, 50 jobs retained, $6.1 million in private investment
■ Big Y Foods, Inc. (supermarket chain) (6/95)
Municipal Incentive: TIF (20 years: years 1-10: 50%; years 11-20: 30%)
■ 640 new jobs, 5,400 jobs retained, $23.1 million in private investment
■ Smith & Wesson (mfr of handguns & law enforcement training site) (6/95)
Municipal Incentive: Tax Increment Financing (5 years: 100%-75%-50%-25%-10%)
■ 13 new jobs, 1,125 jobs retained, $30 million in private investment
■ Ivey Industries, Inc. (distributor of welding supplies and gases) (12/95)
Municipal Incentive: Tax Increment Financing (5 years: 100%-75%-50%-25%-10%)
■ 5 new jobs, 19 jobs retained, $200,000 in private investment
13
Springfield (Cont.)
■ Hodge Manufacturing Company, Inc. (mfr of handling/storage eqt.) (12/95)
Municipal Incentive: Tax Increment Financing (5 years: 100%-75%-50%-25%-10%)
■ 12 new jobs, 52 jobs retained, $250,000 in private investment
■ Springfield Wire, Inc. (mfr of heating elements and electrical components) (12/95)
Municipal Incentive: Tax Increment Financing (5 years: 100%-75%-50%-25%-10%)
■ 30 new jobs, 385 jobs retained, $2.2 million in private investment
■ Lynn Ladder and Scaffolding Company, Inc. (mfr/distributor/retailer) (12/95)
Municipal Incentive: Tax Increment Financing (5 years: 50%-40%-30%-20%-10%)
■ 18 new jobs, 18 jobs retained, $900,000 in private investment
■ Trident Alloys, Inc. (manufacturing/foundry operation) (6/96)
Municipal Incentive: TIF (8 years: 50%-50%-50%-50%-50%-34%-67%-100%)
■ 26 new jobs, 23 jobs retained, $425,000 in private investment
■ Valley Plating, Inc. (steel plating manufacturer) (12/96)
Municipal Incentive: Tax Increment Financing (5 years: 50% each year)
■ 30 new jobs, 70 jobs retained, $1.3 million in private investment
Sturbridge
■Applied Fiberoptics, Inc. (high-tech firm specializing in fiberoptic tech.) (6/95)
Municipal Incentive: Tax Increment Financing (5 years: 50%-40%-30%-20%-10%)
■ 21 new jobs, 21 jobs retained, $1 million in private investment
■ SpecTran Communication Fiber Tech. (mfr of multimode optical fiber) (11/96)
Municipal Incentive: TIF (10%-9%-8%-7%-6%-5%-4%-3%-2%-1%)
■ 150 new jobs, 247 jobs retained, $50.4 million in private investment
Taunton
■ Northeast Refrigerated Terminals(commercial cold storage.freezer) (5/97)
Municipal Incentive: Tax Increment Financing (5 years: 100-80-60-40-20)
■ 23 new jobs, 7 jobs retained, $4 million in private investment
■ U.S. Assemblies New England, Inc. (elctronic design & development) (7/97)
Municipal Incentive: TIF (10 years: 40-40-40-40-40-35-35-20-15-10)
■ 160 new jobs, 60 jobs retained, $6.4 million in private investment
■ American Packaging Co., Inc. (mfr. of packaging materials) (7/97)
Municipal Incentive: TIF (10 years: 1-100-90-80-70-10-10-5-5-5)
■ 40 new jobs, 8 jobs retained, $1.78 million in private investment
Uxbridge
■ Technical & Logistical Consultants, Inc. (computer consulting company) (11/95)
Municipal Incentive: Tax Increment Financing (5 years: 30%-25%-20%-15%-10%)
■ 6 new jobs, 36 jobs retained, $1 million in private investment
■ Sterling Distributors (fireplace accessory dist. center, sporting supplier) (11/95)
Municipal Incentive: Tax Increment Financing (5 years: 30%-25%-20%-15%-10%)
■ 6 new jobs, 7 jobs retained, $210,000 in private investment
Wareham
■ Hostar Marine Transport Systems, Inc. (mfr/retailer of boat trailers etc.) (6/96)
Municipal Incentive: Tax Increment Financing (5 years: 100%-80%-60%-40%-20%)
■ 12 new jobs, 15 jobs retained, $350,000 in private investment
■ Franklin Fixtures, Inc. (manufacturer of wood products, store fixtures) (6/96)
Municipal Incentive: Tax Increment Financing (5 years: 50%-40%-30%-20%-10%)
■ 20 new jobs, 25 jobs.retained, $1.5 million in private investment
■ Trego, Inc. (manufacturer of electrical harnesses) (6/96)
Municipal Incentive: Tax Increment Financing (5 years: 50%-40%-30%-20%-10%)
■ 12 new jobs, 12 jobs retained, $380,000 in private investment
14
f
Wareham (Cont.)
■ Navionics, Inc., & Hewson Realty Trust (Marine Electronics software mfr) (12/96)
Municipal Incentive: Tax Increment Financing (5 years: 100-80-60-40-20)
■ 30 new jobs, 15 jobs retained, $195,000 in private investment
■ Fiberspar, Inc. (mfr, of composite tubular products) (6/97)
Municipal Incentive: Tax Increment Financing (5 years: 100-80-60-40-20)
■ 25 new jobs, 75 jobs retained, $600,000 in private investment
Webster
■ Columbia Farms.Dist, Inc. (supp. of fresh and frozen foods to Costco) (5/95)
Municipal Incentive: Tax Increment Financing (5 years: 100%-60%-40%-20%-5%)
■ 20 new jobs, 45 jobs retained, $4 million in private investment
Westfield
■ Old Colony Envelope, Inc.(mfr of fine correspondence paper) (12/96)
Municipal Incentive: Tax Increment Financing(10 years:100-75-50-25-25-25-20-15-10-5)
■ 18 new jobs, 400 jobs retained, $6 million in investment
■ Angy's Food Products, Inc. (frozen pasta producer) (12/96)
Municipal Incentive: Tax Increment Financing (5 years: 80-75-50-50-40)
■ 8 new jobs, 32 jobs retained, $2.6 million in investment
■ Advance Mfg Co., Inc. (mech. and electro-mech. precision components) (3/97)
Municipal Incentive: Tax Increment Financing (5 years: 80-75-50-50-40)
■ 10 new jobs, 176 jobs retained, $2.6 million in private investment
Whately
■ Deerfield Urethane, Inc. (manufacturer of polyurethane film) (11/95)
Municipal Incentive: TIF (10 years: Years 1-5 @ 60% and Years 6-10 @ 50%)
■ 50 new jobs, 56 jobs retained, $13 million in private investment
Williamstown
■ Litchfield Financial Corp. (comm financer of vacation properties) (7/97)
Municipal Incentive: TIF (10 years: 100% per year)
■ 70 new jobs, $ 1 million in private investment
■ Berkshire Ivy Gardens, Inc. (wholesale grower of ivy house plants) (7/97)
Municipal Incentive: TIF (5 years: 1% per year)
■ 10 new jobs, 45 jobs retained, $575,000 in private investment
Worcester
■ Worcester Common Fashion Outlets (retail outlet mall in downtown Worc.) (5195)
20 year TIF Agreement (formulaic exemption relative to lease-up schedule)
■ 365 new jobs, $50 million in private investment
■ Continental Consolidated Industries (mfr of wood-based retail fixtures) (6/95)
Municipal Incentive: Tax Increment Financing (5 years: 100%-75%-50%-25%-5%)
■ 20 new jobs, 45 jobs retained, $1.2 million in private investment
■ Main Street Brewing Company (on-premise microbrewery, pub/restaurant) (9/95)
Municipal Incentive: Tax Increment Financing (5 years: 10%-10%-10%-10%-10%)
■ 40 new jobs, $1.9 million in private investment
■ Allegro Microsystems, Inc. (manufacturer of semiconductor components) (12/95)
Municipal Incentive: TIF (9 years: 90%-80%-70%-60%-50%-40%-30%-20%-10%)
■ 100 new jobs, 800 jobs retained, $36 million in private investment
■ Industrial Packaging Supply, Inc. (industrial packager) (4/96)
Municipal Incentive: Tax Increment Financing (5 years: 55% each year)
■ 5 new jobs, 26 jobs retained, $700,000 in private investment
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Worcester (Cont.) ,
■ Worcester Tire Company, Inc. (full service tire retail/wholesale store) (4/96)
Municipal Incentive: Tax Increment Financing (5 years: 75% each year)
■ 4 new jobs, 6 jobs retained, $500,000 in private investment
■ LaVigne Press, Inc. (state-of-the-art commercial printer) (4/96)
Municipal Incentive: TIF (19 years: 60% years 1-10; 40% years 11-19)
■ 15 new jobs, 100 jobs retained, $600,000 in private investment
■ Bloch/New England (manufacturer of consumer goods) (8/96)
Municipal Incentive: TIF (9 years: 90%-80%-70%-20%-10%-50%-40%-35%-25%)
■ 45 new jobs, 114 jobs retained, $2.1 million in private investment
■ Folio Exhibits (designer and manufacturer of trade show exhibits) (10/96)
Municipal Incentive: TIF (9 years: 100%-90%-80%-20%-10%-50%-40%-35%-25%)
■ 15 new jobs, 49 jobs retained, $2.75 million in private investment
■ Burnside Building (J. Robert Seder & First Massachusetts Bank) (12/96)
Municipal Incentive: Tax Increment Financing (5 years: 50% per year)
■ 27 new jobs, $2.84 million in private investment
■ Wirefab, Inc. (wire manufacturer) (12/96)
Municipal Incentive: Tax Increment Financing (5 years: 45% per year)
■ 20 new jobs, 86 jobs retained, $1 million in private investment
■ Medical City (medical complex) (12/96)
Municipal Incentive: Tax Increment Financing (18 years: formulaic)
■ 55 new jobs, 1223 jobs retained, $215 million in private investment
■ McNamara Fabricating, Inc., (steel fabrication manufacturer) (5/97)
Municipal Incentive: Tax Increment Financing (5 years: 5% per year)
■ 6 new jobs, 8 jobs retained, $472,500 in private investment
■ Polar Corporation (soft-drink bottler) (6/97)
Municipal Incentive: Tax Increment Financing (10 years: Conditionally structured)
■ 65 new jobs, 375 jobs retained, $ 11 million in private investment
■ The PresMet Corporation (mfr. of powder-metal parts) (6/97)
Municipal Incentive: TIF (13 years: 5-60-55-5045-40-40-35-30-25-25-25-25)
■ 40 new jobs, 323 jobs retained, $8.5 million in private investment
■ Leon Supply Company/Leon Realty(suppl.of food and disposable items) (6/97)
Municipal Incentive: Tax Increment Financing (5 years: 5-40-40-10-5)
■ 4 new jobs, 21 jobs retained, $560,000 in private investment 09/97
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