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Town of Milford, MA Town of Milford, Massachusetts

Business Development
Prospectus
2005

Milford Industrial Development Commission

Welcome to the Town of Milford, and thank you for viewing our “Business Development Prospectus.”  The Industrial Development Commission is pleased to present you with these materials to highlight the many attributes of our community and inform you about development in Milford.

            Milford provides an environment that encourages business development.  Milford has convenient access to major transportation networks, available industrial sites and buildings, ample and excellent quality water supply, extensive municipal sewer system with excess capacity, and readily available electric and natural gas service.  With a full time Town Planner, Town Engineer and Town Counsel, Milford offers efficient and customer-friendly administration of the regulatory and permitting process. 

            The quality of life in Milford is enhanced through the community’s efforts to preserve its rich historic traditions, promote business development in the Historic Downtown District, provide a school system that prepares its children for the challenges of a world economy, and provide services and programs for senior citizens.  Milford also provides programs and facilities for active recreation enthusiasts, as well as open space and conservation lands for passive recreation.  The Town’s housing stock is mixed and accommodates a full range of affordability.

            The Prospectus is organized to highlight important aspects of doing business in Milford, including a profile of our community, a representative listing of businesses, information about transportation routes and utilities, an overview of federal, state, and local programs that offer financial and technical assistance to businesses, and an outline of the Milford Planning Board’s site plan review process.

            In short, Milford is an ideal community for business development.  It is well situated geographically, has the infrastructure in place, has land and buildings available for business development, a population from which the workforce can be drawn, a pro-business attitude, and a quality of life to complement the full spectrum of services.

            Thanks again for learning about Milford.  We hope this publication is a useful guide to doing business in our community.  The Town's Comprehensive Plan, Zoning By-Law and Subdivision Regulations, as well as other Community Information, are all available "on-line" at the Milford Web Site www.milford.ma.us.  We strive to keep this information current, however things change over time so please check with the agency or company for the latest information.

Respectfully,

Industrial Development Commission

Town of Milford, Massachusetts


CONTENTS

SECTION I                                                      COMMUNITY PROFILE

SECTION II                                                     BUSINESSES

                                                                                                (REPRESENTATIVE LISTING)

SECTION III                                                    TRANSPORTATION AND

                                                                                                UTILITY INFORMATION

SECTION IV                                                   DEVELOPMENT FINANCING AND

                                                                                                BUSINESS ASSISTANCE PROGRAMS

SECTION V                                                     PERMITTING PROCESS OVERVIEW

Section I:

COMMUNITY PROFILE

General Information

            The Town of Milford, MA, incorporated in 1780, is located in Worcester County, approximately 32 miles west of Boston, 19 miles east of Worcester and 28 miles north of Providence, RI.  The community has a population of 26,799 (2000 US Census), and is approximately 15.65 square miles in area. 

            Interstate 495 runs generally along the easterly boundary of the Town with two interchanges for the Town of Milford.  Interstate 95 and the Massachusetts Turnpike both intersect 495 nearby.

            There are 10,420 households in Milford; the estimated median age is 36.6.  The median family income is $61,029; the median household income is $50,856.  (2000 US Census).  The fiscal 2005 tax rate for residential property is $11.83/$1000 valuation, and for commercial/industrial/personal property is $21.94/$1000 valuation.

Commerce and Industry

            Milford has a distinguished business history in both the boot manufacturing and granite quarrying industries.  In the late nineteenth century, Milford was home to two of the largest boot factories in the country.  Pink granite quarried in Milford was used to build the original Boston Public Library, the Corcoran Art Gallery in Washington, D.C. and many other prominent buildings.

            The Town is still the industrial center of the area, but Milford has changed greatly since the turn of the century.  Still bustling with business concerns, Milford is now known for its booming retail and wholesale businesses, manufacturing firms and numerous services.

            There are 2 major industrial parks in Milford: Granite Park and the Bear Hill Industrial Area.  Existing businesses in Granite Park include Avecia, Photofabrication Engineering Inc., A.J. Knott Tool and Manufacturing, ViaSystem, MiltonCat and several warehouse/distribution facilities.  Existing businesses in the Bear Hill Industrial Area include EMC, Biomeasure,Waters Corp., and Holmes Products Corp., and numerous offices in the Birchwood Business Park.  Other major employers include Saint-Gobain glass manufacturing and the Benjamin Moore Company. 

            There are 6 hotels in Milford: The Raddison, The Marriot Courtyard, The Day’s Inn, the Tage Inn, Holiday Inn Express, and the Fairfield Inns & Suites for a total of 673 rooms and suites. 

The Milford Regional Medical Center, another major employer, is a 125-bed full service community hospital.  In July 1991, Milford Regional was established as a teaching site for the University of Massachusetts Medical Center’s Internal Medicine Program.  In June 1994, Milford Regional opened Hill Health Center; a four-story outpatient facility dedicated to the care, education and wellness of the thousands of patients whose visit does not include an overnight stay.  A major expansion and renovation of Milford Regional were completed in 2004.

Municipal Services

            The Town has 47 full time police officers.  A major renovation of the police station, located in the downtown area, was completed in 1996.  There are 38 full time firefighters and 11 on-call firefighters.  A new fire station was built in 1992 on Birch Street.  The Spruce Street station was upgraded and expanded in 2003.

            The Milford Public School System features 3 elementary schools, 2 middle schools and 1 high school as well as a regional vocational-technical high school.  In 1995, the Town invested $16.77 million for renovation and expansion of the Stacy Middle School and the Memorial Elementary School.

            The central goal of the Milford Public School System is the vigorous promotion of the intellectual development of each student to the student's maximum potential.  The Milford Public School System is a place for each student to grow, mature and develop into a responsible and contributing member of society.

Public Transportation

            Bus service is available from Milford to Framingham and Boston.  Commuter rail service to Back Bay Station and South Station, Boston, is available from neighboring Franklin. 

            Conrail provides freight service to Milford.  Hopedale Airport, a general aviation facility, is only minutes from Milford.  The airport has a 3250' paved runway and can accommodate helicopters.

Economic Development Activities

            Milford has successfully sought funds from the Massachusetts Small Cities Program for a variety of downtown revitalization activities such as façade and sign improvement programs, reconstruction of streets and sidewalks, installation of period street trees, marketing plans and more.  Through initiatives of the Downtown Partnership of Milford Inc., a private nonprofit organization, many more improvements are planned. 

            The Massachusetts Economic Assistance Coordinating Council has designated much of the Town of Milford as an Economic Target Area.  Within this area, the Town is authorized to negotiate with developers to offer tax incentives for significant development/redevelopment projects.  Approved projects are eligible for the following benefits:

Ø      5% investment tax credit above existing level,

Ø      10% abandoned building tax credit, provided that no more than 25% of the building has been utilized for at least two years prior to the application,

Ø      municipal tax abatement and/or tax increment financing, at municipality's discretion.

            The type, duration and amount of municipal tax incentive are determined through negotiation between the municipality and the project proponent.  The Massachusetts Economic Assistance Coordinating Council must approve any negotiated agreement.

            Two types of municipal tax incentives are available through this program.  Municipal Tax Abatements are provided on a sliding scale over a 5-year period.  Tax Increment Financing incentives fix the annual assessments of improvements for up to 20 years.

Section II:

REPRESENTATIVE BUSINESSES

Business Name

Address

Employees

Nature of Business

A.J. Knott Tool and Manufacturing Corp.

179 Fortune Blvd.

40

Precision metal stamping (automotive electronics)

Archer Rubber Co.

213 Central Street

65

Manufacture rubber coat fabric

Avecia Biotechnology Inc.

125 Fortune Blve.  155 Fortune Blvd.

100

Biotechnology and Pharmaceutical Manufacturing

Barker Steel Company, Inc.

25 Birch Street

150

Reinforcing steel fabrication

Benjamin Moore and Co.

49 Sumner Street

100

Paint manufacture & distribution

Biomeasure, Inc.

27 Maple Street

45

Medical research

Chase Printing

49 Maple Street

130

Print Shop

Clarke Distribution

393 Fortune Blvd.

50

Appliance Distributor / Design Center

Consigli Construction Co.

197 Main Street

100

General Contractor

Edge Tech

455 Fortune Blvd.

40

Manufacture marine and moisture equipment

EMC

31 Maple Street

60

Manufacture information management technology equipment

Milford Regional Medical Center

14 Prospect St.

1000

Regional Hospital / Medical Center

MiltonCat

100 Quarry Drive  330 East Main St.

200

Distributor of Caterpillar construction equipment

Photofabrication Engineering, Inc.

500 Fortune Blvd.

55

Chemically etch metal parts

Quality Insulation

2 Industrial Drive

40

Residential & Commercial Insulation Installers

Retro-Fit Technologies

455 Fortune Blvd.

45

Network Integration & Design

Satint-Gobain Containers

1 National Street

290

Manufacture glass containers

Serologicals Corporation

25 Birch Street

30

Process and sale of plasma and serum

Snap On Tools

9 Cedar Street

58

Tools Supplier

Techdyne, Inc.

113 Cedar Street

40

Electronic assembly (circuit boards)

The Holmes Group

Industrial Road

300

Headquaters & Distribution (electrical home appliances)

Thermo Electron Corp.

50 Fortune Blvd.

219

Electrochemistry & Process Control

ViaSystem Corp.

425 Fortune Blvd.

180

Manufacture circuit boards

Waters Corp.

34 Maple Street     5 Technology Dr.

1200

Manufacture liquid chromatographic analytical systems

Section III:

TRANSPORTATION AND UTILITY INFORMATION

TRANSPORTATION AND ACCESS:

Milford is situated in the Greater Boston Area, which has excellent rail, air, and highway facilities. State Route 128 and Interstate Route 495 divide the region into inner and outer zones, which are connected by numerous "spokes" providing direct access to Logan International Airport and other intermodal facilities of Boston.

Major Highways

The principal highways to Milford are Interstate Route 495, the outer belt around Boston, and State Routes 16, 85 and 140, which connect Milford to other towns in the Blackstone River Valley National Heritage Corridor. The Massachusetts Turnpike (Interstate Route 90) passes to the north through Upton and Grafton.  Interstate Route 95 passes to the south through Foxborough, home of the New England Patriots.

Rail

Commuter rail service to Back Bay Station and South Station, Boston, is available from neighboring Franklin. Travel time from Forge Park (Franklin) to Back Bay is approximately 55 minutes. Conrail provides freight service to Milford. Contact number: (617) 783-6222.

Bus

Brush Hill Transportation provides rush hour service to Boston on weekdays. Bus service to Framingham also connects with Boston buses and trains.

Other

The Hopedale Airport, a General Aviation (GA) facility, is located off of Route 140 in neighboring Hopedale.  It has a 3,250' asphalt runway and accommodates helicopters. The Norfolk Airport, also a GA facility, is easily accessible.  It has a 2,700' asphalt runway with a helicopter approach.

UTILITY INFORMATION

1.   Electric:

Massachusetts Electric Co. (a subsidiary of National Grid)

Hopedale District Headquarters

245 South Main Street

Hopedale, MA  01747

Contact Account Representative at 508-482-1304

http://www.masselectric.com

2.   Gas:

NSTAR
One NSTAR Way
Westwood, MA   02090
 
Customer Service:  800-592-2000

www.nstaronline.com/residential/

3.   Water:

Milford Water Company

66 Dilla St.

Milford, MA  01757

Contact phone: 508-473-5110

www.milfordwater.com

4.   Sewer:

Milford Sewer Department

230 South Main Street

Milford, MA  01757

Contact phone: 508-473-2054

5.   Telecommunications

VERIZON

1-800-941-9900

www.verizon.com

6.   Cablevision services

COMCAST

1-888-633-4266

www.comcast.com

Section IV:

DEVELOPMENT FINANCING AND BUSINESS

ASSISTANCE PROGRAMS

STATE PROGRAMS

MASSACHUSETTS OFFICE OF BUSINESS DEVELOPMENT

Massachusetts Office Of Business Development’s (MOBD) development specialists work with your company before, during, and after a business move or expansion to help you access every available resource for business assistance.  MOBD provides access to the full range of tax incentive, finance, and development programs available to help businesses grow in the Bay State.  For further information about MOBD, call their Worcester office at 508-792-7506, on-line at www.state.ma.us/mobd or by e-mail at bobby.matthews@state.ma.us.

MASSACHUSETTS DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT

Business assistance programs offered through the Department of Housing and Community Development (DHCD) require a collaborative effort between the applicant, the business and the community.  Businesses interested in these programs are advised to contact DHCD at (617) 727-7001, or on-line at www.state.ma.us/dhcd.

Business Development Fund

The Business Development Fund supports economic development activities of cities and towns.  There is a $500,000 limit per project and as a Community Development Block Grant program, projects must meet at least one of the following criteria:  (1) benefit to low to moderate income persons, (2) removal of slums and blight, (3) critical community need.

Massachusetts Community Capital Fund

The Massachusetts Community Capital Fund is designed to generate and/or retain jobs in the smaller communities in the Commonwealth.  The program provides flexibly structured debt financing for businesses which provide, create or retain jobs for low to moderate income residents of the state’s smaller cities and towns.  MCCF can fund up to one third of the total project cost and the loans can be used for purchase of equipment, acquisition of real estate, new construction or rehabilitation, working capital or refinancing.

108 Loan Guarantee Program

The 108 Loan Guarantee Program is designed to support local economic development projects within the smaller communities of the Commonwealth.  The nationally set goals are to benefit low to moderate-income persons or to remove slums and blight and a project must meet one of these criteria.

DHCD accepts requests from cities and towns for loan guarantees for local economic development projects for amounts from $500,000 to $55 million.  Loans come from HUD at lower interest rates, but the loan will be guaranteed from the Commonwealth’s future annual CDBG allocation.

Chapter 121a Urban Redevelopment Corporations - Pilot Program

Chapter 121A Urban Redevelopment Corporations are designed to promote public benefits such as job creation or the production of affordable housing through construction or reconstruction in blighted or substandard areas.  The 121A program creates such corporations by exempting public, private, or non-profit entities from local real estate taxes and state corporate taxes for a period of 15 to 40 years when they engage in an eligible project.

In the early 1980’s, Milford was an innovator in the use of the 121A Program to stimulate business growth.  Although the program has not been used in Milford for several years, proposals would be considered.

Community Development Action Grants

Community Development Action Grants (CDAG) provide public infrastructure support in those instances where private investment would not occur except for the CDAG grant project.  The goal is to stimulate economic development activities that will attract and leverage private investment, create or retain long-term employment and revitalize distressed areas.

QUASI-PUBLIC AND PRIVATE AGENCIES

MASSACHUSETTS DEVELOPMENT FINANCE AGENCY

The Massachusetts Development Finance Agency (MassDevelopment) is the product of the affiliation of the Massachusetts Government Land Bank and the Massachusetts Industrial Finance Agency.  MassDevelopment offers technical assistance and administers a variety of loan, loan guarantee and bond financing programs, outlined below.  Although the specific requirements vary, MDFA programs generally require that funded projects create or retain Massachusetts jobs and spur community revitalization.  Contact the MDFA at (617) 451-2477 or 800-445-8030 (in state calls) or on-line at www.massdevelopment.com for further information regarding MassDevelopment programs.

Massachusetts Export Finance Guarantee Fund

The Export Finance Guarantee Fund helps businesses leverage the necessary capital to expand into foreign markets.  The program is designed for small and medium-sized companies and issues loan guarantees to private lenders.  The maximum guarantee is 70% of the loan amount or $500,000, whichever is less.  Loan proceeds can be used to develop foreign markets or to produce finished goods or services for current or future export sales.

Working Capital Co-Guarantee Program

This program helps small businesses access foreign markets by furnishing lenders with a 90% loan guarantee (maximum $1 million) shared equally by the program co-sponsors MassDevelopment and the Export-Import Bank. 

Export-Import Bank’s Umbrella Policy Program

Administered by Mass Development for the Export-Import Bank, this program provides Foreign Receivables Insurance, enabling companies to maximize their international trade opportunities.  With limited exposure to commercial and political risk, companies are able to expand export activities, pursue extended lines of credit and offer more flexible payment terms for overseas customers.

Predevelopment Assistance Funding

The Predevelopment Assistance Funding program provides funds for pre-construction or site reuse analysis.  These funds underwrite activities that advance the development process for projects with a clear public benefit.  Only projects that would qualify for long-term debt financing are considered.  Ranging from $5,000 to $25,000, these funds can be used for a variety of purposes, including environmental testing, market analysis and traffic studies.

Equipment Lease/Purchase Program

Through this program, MassDevelopment extends to a business its tax-exempt status by leasing the equipment and then subleasing it to the borrowing manufacturer.  Lease proceeds can be used to purchase and install new equipment integral to the manufacturing process.  100% financing is available, and manufacturers can expect interest rates to be approximately 70% of traditional leasing rates.

Real Estate Loan Programs

MassDevelopment offers a variety of real estate loan programs, including financing for industrial parks, permanent financing to be funded at the conclusion of a project’s development phase and financing for projects requiring unique investments.  Depending on the program, the maximum loan term is 10-15 years and loans may be amortized for a maximum of 20-25 years.  Loans may be up to $2.5-$3 million.  Private funding is required to leverage the loan. Loans require a minimum equity contribution of 10% of the total project cost, the loan-to-value may not exceed 80% and the minimum debt coverage ratio is 1.20.

Business Loan Programs

MassDevelopment’s business loans target minority-owned and women-owned businesses.  Financing can be used for real estate acquisition or renovation, new construction, equipment purchases and inventory.  Loans may be up to $500,000 with a maximum term of 10 years for real estate and 7 years for equipment.  Private funding is required to leverage the loan.  Loans require a minimum equity contribution of 10% of the total project cost, the loan-to-value may not exceed 80% and the minimum debt coverage ratio is 1.20.

Loan Guarantees

MassDevelopment’s loan guarantees encourage private sector investment by guaranteeing a portion of a bank loan or bond issue in support of projects ranging from manufacturing, real estate development, education and cultural services.  The maximum term is 25 years for real estate and 7 years for equipment.  The maximum exposure is $500,000 and the loan-to-value may not exceed 90% on real estate and 80% on equipment.  In addition, MassDevelopment can provide Mortgage Insurance, bringing the effective loan-to-value ratio within the financial institution’s lending guidelines.

Emerging Technology Fund - Loans

This program is specifically designed to stimulate increased financing for technology-based companies, with primary emphasis in the biotechnology, medical, telecommunications, advanced materials, electronics and environmental industries.  Loan proceeds can be used to construct or expand facilities or to purchase new equipment.  The maximum loan for facilities is $2.5 million and for equipment $500,000; both loans are also limited to 33 1/3% participation of the aggregate debt.

Emerging Technology Fund - Loan Guarantees

Also designed to serve technology-based companies, MassDevelopment loan guarantees can be used to reduce the exposure of traditional lenders, thus encouraging their participation.  The maximum guarantee is $1.5 million or 50% of the aggregate debt, whichever is less; the guarantee can be used to cover the principal only.

Tax-Exempt Bond Programs

Tax-exempt bond financing is similar to conventional financing except that it offers lower interest rates and more flexible terms.  Rates may be fixed or variable.  Tax-Exempt Industrial Development Bonds (IDBs) for Manufacturers and Environmental Enterprises may be used for land or building acquisition, renovations or additions to existing facilities or the purchase of new equipment.  In some cases, funds may be used to refinance existing debt.  IDB proceeds may not exceed $10 million.  To be cost effective, the minimum amount is $1.2 million for real estate (or combined real estate and equipment) or $300,000 for equipment only.  Tax-Exempt Bonds for Non-Profit Organizations and Long Term Care Facilities can be used to purchase land, buildings or equipment, to construct or renovate buildings or to refinance existing debt.  Institutions must qualify as a 501(c)(3) not-for-profit entity, although for-profit assisted living facilities may qualify if they meet the requirements of Section 142(d) of the federal tax code.

Taxable Bonds

Taxable bonds offer flexible rates and terms. There is no limit to bond size.  Bond proceeds may be used to purchase land, buildings or equipment to construct or renovate buildings or to refinance existing asset-based debt.  Rates may be fixed or variable. 

MASSACHUSETTS TECHNOLOGY DEVELOPMENT CORPORATION

The Massachusetts Technology Development Corporation addresses the “capital gap” for start-up and expansion of early stage technology companies. The corporation is self-supporting, utilizing returns from previous investments. MTDC’s staff negotiates with each company an investment whose terms are specifically tailored to meet the needs of the company, the interests of the co-investor and the goals of MTDC.  Contact MTDC at (617) 723-4920 or on-line at www.mtdc.com for further information about their programs.

MASSACHUSETTS COMMUNITY DEVELOPMENT FINANCE CORPORATION

CDFC provides flexible funding for small business, economic development, housing, commercial and real estate development projects with a demonstrated potential for public benefit.  CDFC assistance aims to increase employment and affordable housing opportunities in low-income areas in Massachusetts and is offered through partnerships with local community development corporations.  Contact the CDFC at (617) 523-6262 or on-line at www.mcdfd.com or e-mail at info@mcdfc.com for further information about the programs outlined below:

·        The Venture Capital Program provides debt and equity financing for small businesses with investment ranging from $100,000 to $250,000 and CDFC providing up to one third of total project financing.

·        The Real Estate Program provides flexible short to medium term financing for
 Community Development Corporation-sponsored real estate projects designed to help CDCs strengthen their capacity to develop affordable housing and to revitalize commercial and industrial property. CDFC can provide 20% of a project cost, up to $250,000, for specific recoverable development expenses.  Please note that, at present, Milford does not have a Community Development Corporation.

·        Contractor Bond Program assists minority and women construction contractors to meet surety standards so they can qualify for bid, payment and performance    bonds.

·        Thrift Fund for Economic Development is a $100 million direct lending pool funded by savings banks for business investment.

·        Urban Initiative Fund-expands the capacity of minority owned businesses and  community organizations through loans, grants and technical assistance in order to strengthen minority entrepreneurship, expand employment options and integrate the goals of economic development with those of human service programs and small business.

COMMUNITY ECONOMIC DEVELOPMENT ASSISTANCE CORPORATION

CEDAC was created by the legislature in 1978 to increase the amount of affordable housing and to foster the revitalization of economically distressed areas by providing a range of development assistance programs to nonprofit development corporations throughout the Commonwealth area.  Please contact (617) 727-5944, on-line at www.cedac.org or e-mail at cedac@cedac.org for further information about the CEDAC programs outlined below:

·        Technical Assistance Advances (TAA) provides low interest loans to cover mortgageable predevelopment costs and allow contractors to gain site control

·        Front Money Loans provide additional financing for predevelopment costs

·        Site Control Loan Program provides loans to nonprofit developers to secure privately-owned sites

·        Spot Technical Assistance is an expedited small loan program which allows staff            review rather than CEDAC board review

·        Child Care Capital Investment Fund provides technical assistance and term loans to metro Boston area child care providers to finance facilities and related capital spending.

FEDERAL PROGRAMS

U.S. SMALL BUSINESS ADMINISTRATION

The U.S. Small Business Administration (SBA) has a number of programs and services available. They include training and educational programs, advisory services, publications, financial programs and contract assistance.  The agency also offers specialized programs for women business owners, minorities, veterans, international trade and rural development. Below are a few of the programs that the Small Business Administration offers.  For additional information, please contact the SBA at (617) 565-5590, on-line at www.sba.gov or by e-mail at answerdesk@sba.gov.

Low Doc Loan Program

This program is for small business loans of $100,000 or less and requires minimal documentation.

504/503 Program

This program uses public-private partnerships to finance fixed assets and has produced over $5 billion in investments and more than 301,000 jobs since its beginning in 1980.

7(a) Guarantee Program

This program represents 90 percent of the SBA’s total loan effort, promoting small business formation and growth by guarantees of up to 80 percent of the amount provided by commercial lenders.

The Micro Loan Program

These small loans help entrepreneurs in inner city and rural areas form small, often home-based enterprises.

LOCAL PROGRAMS

THE DOWNTOWN PARTNERSHIP OF MILFORD, INC.

The Downtown Partnership of Milford is a private, non-profit organization dedicated to the revitalization of downtown Milford.  Annual Membership dues is $75 and member services includes:

·        A central point of contact for downtown related issues, programs, and information regarding available space in the downtown district;

·        A matching grant sign and facade program to improve building exteriors;

·        A quarterly newsletter;

·        Promotional events

For more information, contact the Milford Community Development Office at 508-634-2328or e-mail at mcdo@kersur.net.

MILFORD AREA CHAMBER OF COMMERCE

The Milford Area Chamber of Commerce, located in downtown Milford, provides services to businesses in the towns of Milford, Medway, Millis, Bellingham, Hopedale, Mendon, Upton, Holliston and Hopkinton.  The Chamber can be reached at 508-473-6700, on-line a www.milfordchamber.org or by e-mail at info@milfordareachamber.com

MILFORD INDUSTRIAL DEVELOPMENT COMMISSION

The Industrial Development Commission was established under MGL Ch.40 § 8A in order to promote and develop the industrial resources of the town of Milford.  The Commission is comprised of representatives from local government, the business community, and interested citizens, whose goals are to assist Milford business and to attract new businesses and industries to the Town of Milford.

There are a number of tax incentive and other programs available to businesses interested in relocating or expanding in designated areas of the Town.  Interested persons should contact the Town Planner at 508-634-2317, or e-mail at ldunkin@townofmilford.com.

ECONOMIC OPPORTUNITY AREA PROGRAM

The Massachusetts Office of Business Development has designated much of the Town of Milford as an Economic Target Area.  Within this area, the Town is authorized to negotiate with developers to offer tax incentives for significant development/redevelopment projects.  Approved projects are eligible for the following benefits:

·        5% investment tax credit above existing level

·        10% abandoned building tax credit, provided that no more than 25% of the building has been utilized for at least two years prior to the application

·        Municipal tax abatement and/or tax increment financing, at municipality's discretion

The type, timeframe and amount of municipal tax incentive are determined through negotiation between the municipality and the project proponent.  The Massachusetts Economic Assistance Coordinating Council must approve any negotiated agreement.

The 2 types of municipal tax incentives available are Municipal Tax Abatements and Tax Increment Financing.  Municipal Tax Abatements are provided on a sliding scale over a 5-year period.  Tax Increment Financing fixes the assessment of improvements for up to 20 years.

Contact the Town Planner at (508) 634-2317, or e-mail at ldunkin@townofmilford.com for further information.

OTHER LINKS

Commonwealth of Massachusetts

www.mass.gov

Massachusetts Municipal Association

60 Temple Place

Boston, MA 02111

617-426-7272

www.mma.org

Metropolitan Area Planning Council

60 Temple Place

Boston, MA 02111

617-451-2770

fax: 617-482-7185

www.mapc.org

Section V:

PERMITTING PROCESS OVERVIEW

Town of Milford Procedural Guidelines for Site Plan Review

1.         PRIOR TO SUBMITTING A SITE PLAN applicants should discuss their proposals with the Town Planner, and should review Section 1.15 of the Zoning By-Law.  Site plans must contain information required by Section 1.15.2.1 of the Zoning By-Law.

2.         A building permit application must be filed with the Office of the Building Commissioner, in order to be scheduled for site plan review with the Planning Board.  Such application must be filed at least 10 days prior to the Planning Board meeting but should be filed at least three weeks prior to allow time for proper review and to reserve a place on the Planning Board agenda.

3.         Submit to the Building Commissioner the following:

            - 8 copies of the site plan

            - the application fee ($150 for lots of one acre or less, plus $75 per acre over one acre)

            - 8 copies of the building permit application

4.         The Building Commissioner will forward the materials to the office of Planning and Engineering, but retain:

            - one copy of the site plan

            - one copy of the building permit application

5.         To expedite the process, it is recommended that you distribute one copy of the site plan and one copy of the building permit application to each of the following:

Milford Water Company, 42B Dilla St.  (508-473-5110)

Milford Fire Department, 21 Birch St.  (508-473-2112)

Milford Board of Sewer Commissioners, 5 Main St., Hopedale  (508-473-2054)

6.         The Office of Planning and Engineering will distribute one copy of the site plan and one copy of the building permit application to the following:

            Town Planner

            Town Engineer

            Conservation Commission

            Commission on Disability

            Planning Board

7.         All of the departments and agencies listed in items 4, 5 and 6 will file a written report with the Planning Board regarding compliance to applicable rules and regulations that pertain to the subject site plan. 

It is the responsibility of the applicant to determine and ensure that these agencies have submitted their reports prior to the scheduled public hearing.  Contact the Town Planner five days prior to the meeting to determine if all reports have been filed.  If reports have not been filed, the applicant is advised to contact the appropriate agency.

The Town Planner will schedule a meeting before the Planning Board for the earliest practical and/or available date.  Within 65 days of the date on which the application was filed with the Building Commissioner, the Planning Board will hold the meeting and file a written report of its decision with the Building Commissioner.  The applicant may request an extension beyond the 65-day limit to allow time to comply with conditions not addressed on the plan.

If the site plan is approved, the applicant must provide the Office of Planning and Engineering with three copies signed by the Planning Board.

Town of Milford Business Development Prospectus
Business Page Town of Milford Profile
Industrial Development Commission Town Services Milford Home Page