MassDevelopment

Site Readiness Program

Site Readiness

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 three years, the program has awarded approximately $6.8 million to 36 projects in almost every region of the Commonwealth.

FY20 Application Round

The Baker-Polito Administration is pleased to announce the $3.5 million FY20 application round will open on October 15, 2019. 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.

While all of the above categories are eligible for funding in the FY20 application round, MassDevelopment intends to focus the selection process on applications requesting funding for industrial land acquisition/site assembly. Additionally, MassDevelopment expects to fund at least one land acquisition/site assembly application in a downtown setting. Funding will also be available for compelling applications in the site preparation and improvements and predevelopment categories.

FY20 Application Review Criteria

The FY20 awards will be announced in February 2020. 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.

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. The previous requirement that communities commit to pay back the grant from net new tax revenues in the event that proceeds are insufficient has been removed from the guidelines. If a grant does not result in new revenues, there is no repayment obligation.

For additional details, see the FY20 Program Guidelines. Please watch this site for additional details as they become available.

FY20 Site Readiness Program Guidelines

Sample Grant Agreement

Apply for Site Readiness Program

 


FY19 Awards

On March 28, 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


FY18 Awards

​On February 16, 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.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

 

FY17 Awards

Last June, during the program's first year, the Baker-Polito Administration announced $1.8 million in Site Readiness awards to 13 projects.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:

Ed Starzec
Director of Land Planning & Permitting
Direct: 617-330-2035
Email: estarzec@massdevelopment.com