The Opportunity Zone program was created by the Tax Cuts and Jobs Act of 2017. It provides tax deferments and forgiveness to investors who support projects in designated areas. This investment must come from capital gains and has multiple conditions attached in an effort to benefit, specific, low-income areas.
See More...The Worcester Housing Authority (WHA) has been providing affordable housing options to Worcester residents since 1949. Federal guidelines recommend that households spend no more than 30 percent of income on rental or mortgage payments.
See More...From 1872 to 1932, trash removal in Worcester was the responsibility of over 8,000 pigs eating 10 tons of trash per day at the nation’s largest municipal piggery. Smell complaints ultimately forced the city to shut down the piggery and build an incinerator.
See More...The Research Bureau, as part of a partnership with the Worcester Business Journal, is pleased to present its latest report The Immigrant Entrepreneur in Worcester.
See More...The Research Bureau is pleased to present its latest report: Tracking City Equipment: How Expanded GPS Monitoring Could Benefit Worcester.
See More...A transportation center for centuries, Worcester has aggressively developed connections to the outside world. By land, air, and (if only for a few decades via the Blackstone Canal) by sea, Worcester has invested in the infrastructure necessary to move people and goods in and out of the city.
See More...EACH YEAR on July 1, Massachusetts cities and towns must implement a new budget. The City of Worcester’s Fiscal Year 2019 (FY19) budget took effect on July 1, 2018.
See More...The Massachusetts Community Preservation Act (CPA) authorizes municipalities to apply a surcharge on property taxes to generate funds for open space, historic preservation, affordable housing, and outdoor recreation.
See More...The Research Bureau is pleased to present The Worcester Almanac. Now in its fourth edition, it is a compendium of information of all things Greater Worcester. The Worcester Almanac offers information on local government, demographics, the economy, public safety, education, health, arts and culture, and much, much more.
See More...Boston’s economic boom has been a boon for developers and landlords, as an influx of businesses means more demand for office space and a corresponding rise in rents. Among those organizations fighting for space downtown is the state government, which leases offices across the state for its various department and agencies, but concentrates 35 percent of that square footage in the City of Boston.
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