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Business Incentive Plan

  • Regulation Change May Bring Apartments To Summit Project

    On May 21, dozens of town officials, business leaders and interested potential tenants gathered at Fusion 25 for an “open house” promoting a planned commercial/office development at 146 South Main Street called the Summit @ Newtown. But the use of that development recently shifted to a somewhat precedent-setting mixed commercial/residential use after a zoning regulation was changed permitting limited residential uses in certain commercial zones.

  • Selectmen Approve Seven-Year Tax Benefit For Lexington Villages

    After requesting developers for the Lexington Villages complex off Church Hill Road return to the Economic Development Commission to further discuss a pending business incentive tax abatement that was hastily approved earlier this month, the Board of Selectmen seemed momentarily taken aback January 29 when developers and economic development officials returned requesting the original three-year, 45 percent abatement be extended to seven years.

  • Two Business Incentive Applications Move To Council For Final Consideration

    After unanimous approval by the Boards of Selectmen and Finance, two local Business Incentive Plan (BIP) applicants will be making their final appeals to the Legislative Council at a regular meeting scheduled for Wednesday, June 19.