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...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...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...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.
See More...The Research Bureau is pleased to present its latest report Minimizing Risk: The Implications of a $15 Minimum Wage for Worcester. While there is evidence both for and against an increased minimum wage from states and cities across the country, this report examines the potential local impact of a change on Worcester and offers thoughts on how the minimum wage can best serve the local economy and populace.
See More...The Research Bureau is pleased to present its latest report Foreclosure in the City of Worcester. This report explores Worcester’s recent experience with foreclosures and offers insights into the process. Foreclosure is a necessary part of a real estate market. Yet efforts must be made to limit its impact on households and neighborhoods alike.
See More...A well-designed city, or district within a city, draws residents and visitors into public spaces, building community and supporting businesses and economic development. Many cities recognize the value of good design, but their degree of commitment and capacity for planning and regulation, as well as the level of community concern and participation, vary greatly.
See More...In Massachusetts, municipalities have limited tools to entice businesses to locate and expand in a weak marketplace. The most frequently used alternative is the Economic Development Incentive Program (EDIP) and its tax increment financing (TIF) initiative.
See More...With over 5,000 public parking spaces in Downtown Worcester, parking – and its location, condition, design, and cost – is an important concern of municipal government. Parking in Worcester: Left by the Curb urges the City to elevate the discussion of parking by creating a Parking Division that reports directly to the Commissioner of Public Works & Parks.
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