State Plans $10K Tax Credits for Shops Opening in ‘Vacant Storefront Districts’
A state economic development body has approved a new tax credit program aimed at helping troubled retail districts.
A state economic development body has approved a new tax credit program aimed at helping troubled retail districts.
Boston needs tools similar to Arlington’s vacant storefront fee in our economic development toolbox – not to penalize landlords, but to benefit the small businesses who should have access to vacant space.
Retail has been the weak link in Greater Boston’s commercial real estate boom, and one that’s attracting increased scrutiny from municipalities because of vacant storefronts’ tendency to sap vibrancy and spread blight.