Business Incentive Grant Program

Business Incentive Grant Program is sponsored by Town of Ashland, MA. This program provides financial assistance to new or expanding business owners in Ashland, MA. It offers rental and equipment expense reimbursements.

Business Incentive Programs | Ashland, MA Create a Website Account - Manage notification subscriptions, save form progress and more. Business Incentive Programs Business Incentive Programs Sign and Facade Improvement Program The Sign & Facade Program was established to provide technical and financial assistance to Ashland businesses making external improvements to their establishments.

This program matches up to half of the project's cost or $5,000 (whichever is less) for facade and/or sign improvements with town funding through the Ashland Economic Development Incentive Program. In doing so, the Town seeks to promote local merchants and enhance the physical appearance of Ashland.

Eligible businesses must be located along Route 126, Route 135, and the greater downtown area which includes Main Street, Front Street, Cherry Street, Homer Avenue and Summer Street.

Examples of exterior improvements that are eligible under this program include: Accessibility improvements (i.e. handicapped accessible ramps) Lighting energy conservation for windows & doors Program funds may not be used for improvements to the interior of the business, sidewalks, public walkways or parking lots.

CLICK HERE for an application Business Incentive Grant Program The business incentive grant program was established to provide financial assistance to new or expanding business owners in Ashland. The incentive program offers rental and equipment expense reimbursements to businesses that are looking to open or expand in Ashland.

The rental assistance option reimburses new businesses for their first year of rent (up to $10,000) and the equipment reimbursement covers initial equipment costs (up to $10,000). The whole program is valued at $20,000 for each new business that chooses Ashland to start their business.

Funding for an additional $20,000 for rental and/or equipment costs is available to a business that meets special criteria which demonstrates a significant economic benefit to the town. Businesses located on Route 126/Pond Street, Eliot Street, Route 135/West Union Street, Main Street, Pleasant Street, Front Street, Homer Avenue, Summer Street and Cherry Street. CLICK HERE for an application for new or expanding business.

CLICK HERE for an Ashland Business being forced to relocate due to redevelopment of current location. Interest Free Loan Financing Program The Interest Free loan fund allows companies to secure interest free financing for up to 2 years when banking with Needham Bank.

The funds are provided through a partnership between the Town of Ashland and Needham Bank and are used exclusively for the development and expansion of businesses in Ashland.

The Interest Free Financing funds can be used towards: • Leasehold improvements • Acquisition of land and buildings • Façade and building renovation • Landscape and property improvements • Machinery and equipment purchases • Soft cost expenses related to real estate development The Interest Free Financing funds will be open to target businesses such as: • Breweries/Restaurants • Professional Services CLICK HERE for an application Having trouble completing an application?

A member of the Economic Development Advisory Group will be happy to assist you. Applications are also available in other languages upon request. For additional information or questions regarding the Business Incentive Programs contact Jasmin Farinacci, Economic Development Director at 508-532-7905 or jfarinacci@ashlandmass.

com Government Websites by CivicPlus®