Site Readiness Program
The Site Readiness Program, administered by MassDevelopment, aims to increase the Commonwealth’s inventory of large, well-located, project-ready sites; to accelerate private-sector investment in industrial and commercial projects; and to support the conversion of abandoned sites and obsolete facilities into clean, actively-used, tax-generating properties. In its first four years, the program has awarded approximately $10.4 million to 48 projects in almost every region of the Commonwealth.
FY21 Application Round
The Baker-Polito Administration and MassDevelopment are pleased to announce the $3 million FY21 application round will open on September 16, 2020 and close on November 12, 2020. A link to the online application form is located at the bottom of this page. As with last year’s application round, MassDevelopment will be accepting applications for funding in all of the eligible use categories described in the program guidelines and summarized below:
- Funding for land acquisition and site assembly (including both land and buildings) to expand or improve the marketability of existing or future industrial development sites, focused on strategic acquisitions that unlock development potential.
- Funding for property acquisition and site assembly (including both land and buildings) to broadly support mixed-use development opportunities in downtown settings, not limited to industrial uses.
- Funding for site preparation and improvements including demolition, remediation, and the design and construction of on-site and off-site utility and access improvements with a focus on targeted actions that unlock development potential.
- Funding for predevelopment work including due diligence, site identification, market studies, pre-permitting, master planning, and other technical studies.
FY21 Application Review Criteria
A review committee will assess the likelihood of requested funding to advance a project towards site readiness and future development. Review criteria include demonstrated community support, consistency with existing zoning and plans, property attributes (developable acres, utilities available, access, workforce, etc.), marketability, and the level of potential private investment and public benefits. An applicant commitment to provide some level of matching funds is advantageous but not required.
Grant Terms and Conditions
Grantees will be required to execute a standard grant agreement. The agreement provides that in most instances, the Commonwealth will be repaid from any net land sale proceeds, long-term lease revenue, or refinancing proceeds. If a grant does not result in new revenues, there is no repayment obligation.
For additional details, see the Program Guidelines. Please watch this site for additional details as they become available.
On July 22, the Baker-Polito Administration announced over $3.6 million for 12 projects in its fourth annual round of Site Readiness Program awards. The awards will finance feasibility studies, master planning, environmental work, strategic land acquisition, and site improvements, resulting in critical additions to the Commonwealth’s inventory of large, development-ready sites. Read the full release here
In March 2019, the Baker-Polito Administration announced nearly $2.5 million in Site Readiness awards for 10 projects. The funding will be used for a variety of purposes including land acquisition, roadway design, MEPA permitting and demolition. Read the full release here
In February 2018, the Baker-Polito Administration announced nearly $2.5 million in funding for 12 projects as part of the second round of the Site Readiness Program. The 12 grants to municipalities and development agencies will finance feasibility studies, master planning, environmental work, strategic land acquisition, and site improvements. Read the full release here
In June 2017, the first year of the program, the Baker-Polito Administration announced $1.8 million in Site Readiness awards to 14 projects. Read the full release here
For more information contact:
Director of Land Planning & Permitting