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Find similar grantsMassachusetts Vacant Storefronts Program (MVSP) is sponsored by Massachusetts Executive Office of Housing and Economic Development. Aims to aid municipalities in revitalizing downtown and commercial areas by encouraging the occupancy of long-term vacant storefronts through refundable tax credits.
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Vacant Storefront Program The Massachusetts Vacant Storefront Program (MVSP) was created to help communities revitalize downtowns and commercial districts by encouraging businesses to occupy long-vacant storefronts. Through refundable state tax credits, the program supports economic development, increases commercial activity, and helps bring new life to key business districts.
The City of North Adams is partnering with the North Adams Partnership to promote local participation in the program and identify businesses interested in locating in vacant downtown storefronts. North Adams has been awarded up to $50,000 in refundable state tax credits through MVSP via the Commonwealth’s Community One Stop for Growth initiative.
These tax credits are available to eligible businesses that move into commercial spaces in the downtown area that have been vacant for at least six months. Qualified businesses may receive up to $10,000 in refundable state tax credits , subject to program requirements and funding availability.
Because this is a tax credit program rather than a grant, participating businesses must meet all eligibility requirements established by the Commonwealth of Massachusetts, enter into a tax credit agreement with the state, and comply with all program conditions in order to receive the credit. 1.
City Identifies and Submits Business Application The City of North Adams collaborates with property owners, brokers, downtown stakeholders, and prospective business owners to connect eligible vacant storefronts with new tenants. Businesses interested in participating in the program are encouraged to complete an Expression of Interest Form .
Once a business and storefront have been identified, the City of North Adams will submit a Vacant Storefront Tax Credit Application to the Massachusetts Executive Office of Economic Development (EOED) on behalf of the business. 2. State Review and Approval EOED reviews all applications and determines whether to present them to the Economic Assistance Coordinating Council (EACC) for approval.
Applications are evaluated based on factors including: The number of jobs the business is expected to create How the business complements and strengthens the downtown business district Whether the business is a Minority- or Women-Owned Business Enterprise (MWBE) How the business supports North Adams’ economic revitalization goals The EACC Board meets quarterly — in March, June, September, and December — to vote on applications. 3.
Business Signs Agreement If approved, the business will enter into an agreement with EOED outlining the terms of the tax credit award. 4. Business Claims the Tax Credit After filing its next Massachusetts state tax return, the business may apply the tax credit against its state tax liability.
If the credit exceeds the amount owed, the remaining balance will be refunded to the business. The City of North Adams has discretion in determining the award amount for each participating business. North Adams’ allocation of tax credits is available through the final EACC meeting in December 2026.
Participation is subject to state approval and program guidelines. Deadline to Apply: September 1, 2026. Available Spaces Include: Interested in Participating?
Business owners interested in locating in an eligible vacant storefront in North Adams are encouraged to reach out via the Expression of Interest Form to learn more about eligibility requirements, the application process, and available incentives. FY26 Massachusetts Vacant Storefront Program guidelines are also available through the Commonwealth’s Community One Stop for Growth program.
Short description of business activities Desired location (must have been vacant for at least six months) Estimated date of occupancy Number of jobs business expects to create Is the business a Minority or Women-Owned Business Enterprise (MWBE) Does the business have: (check all that apply) Certificate of Good Standing from the Department of Revenue Certificate of Compliance with the Department of Unemployment Assistance A business plan (if in operation for less than one year) Small Business Cultivation Partners Mass Small Business Development Center Berkshire Innovation Center Western Mass Economic Development Council Copy and paste this code into your website.
<a href="http://www. northadams-ma. gov/government/departments_offices/office_of_community_development/vacant_storefront_program.
php">Your Link Name</a>
According to the current listing, eligibility includes: Municipalities in Massachusetts. Confirm the full requirements in the official notice before applying.
The current listing shows up to $50,000. Verify award ceilings, matching requirements, and allowable costs in the official notice.
Massachusetts Vacant Storefronts Program (MVSP) is funded by Massachusetts Executive Office of Housing and Economic Development. Verify program details on the funder's official page before applying.
This opportunity targets applicants in Massachusetts. If your organization operates elsewhere, check the official notice for location requirements.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
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