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The Boston Real Estate BlogI am an independent real estate broker, focused on the residential real estate market in downtown Boston. |
Feds Expand Empowerment Zone
Without comment:
The federal government will allow Boston to expand its Empowerment Zone to include the air rights parcels over the Massachusetts Turnpike.
Businesses located within the zone will be eligible for wage and other business tax credits, allowing them to claim up to $3,000 annually for each zone resident they hire. The city also will be able to issue bonds to make low-interest loans to businesses within the zone.
The expansion includes portions of already-developed parcels in the Back Bay where the Hynes Convention Center, Prudential Center, Copley Mall and John Hancock Center parking garage now sit ...
Source: Feds OK Empowerment Zone expansion in Boston - Boston Business Journal
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