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Predevelopment Assistance
Supports early-stage economic development projects in communities across Massachusetts. Funds range between $5,000 and $25,000, and applicants must be able to provide a dollar-for-dollar match.
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West Groton Mill
MassDevelopment provided $11,970,000 in tax-exempt and taxable bonds on behalf of RiverCourt Limited Partnership to acquire and renovate the abandoned West Groton Mill into a 74-unit assisted living facility. MassDevelopment had previously awarded $25,000 in predevelopment funding to the town of Groton for feasibility studies for the site, and $50,000 to Capstone Properties for other preconstruction activities. |
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