MassDevelopment for Cape Ann
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Download the 1/24/23 Cape Ann presentation at the Mayor's economic development workshop in Gloucester to see how MassDevelopment can serve Businesses, Developers, Housing, Manufacturers, Municipalities, Nonprofits & Banks
An example of note is the Property Assessed Clean Energy (PACE) program:
• PACE is a tax-based financing mechanism that enables low-cost, long-term funding for energy improvements
•PACE financing is repaid via a betterment assessment on a property’s tax bill
•PACE betterment assessments work similar to improvements for public infrastructure that benefit specific properties (i.e., sidewalk or sewer)
Also - Find MassDevelopment SSBCI Loans & Guarantees funded through the State Small Business Credit Initiative