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Business Resources
Business Information
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Lexington Chamber of Commerce
North Suburban Chamber of Commerce
Small Business Administration
Massachusetts Office of Business Development
Economic Development
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Business Resources
The Economic Development Office has compiled a list of tax credits and other financial incentives that your business may be eligible for, to assist in managing the costs of building renovation and redevelopment.
| Name |
Purpose |
Amount |
Disabled Access Credit
(ADA/IRS)
|
Tax credit for small businesses which remove barriers to a and make their facilities ADA-compliant. |
Up to $5,000 annually |
Barrier Removal Tax Deduction
(ADA/IRS) |
Tax deduction for businesses which remove barriers and make their facilities ADA-compliant. |
Up to $15,000 annually |
Federal Rehabilitation Tax Credit (p.17)
(NPS/IRS/SHPO)
|
Tax credit for rehabilitation and reconstruction of pre-1936 commercial buildings. |
Up to 10% of total amount spent |
EDIP Investment Tax Credit - Expansion Project (p. 4)
(Office of Housing and Economic Development) |
Tax credit for projects in an Economic Opportunity Area with the potential for full-time job creation and expansion of sales outside the Commonwealth. Also requires Town Meeting approval.
|
Up to 10% annually |
EDIP Investment Tax Credit - Enhanced Expansion Project (p. 5)
(Office of Housing and Economic Development) |
Tax credit for projects with the potential for full-time job creation and expansion of sales outside the Commonwealth. |
Up to 10% annually |
CDC/504 Loan
(SBA) |
Low-interest loan for small businesses with capital projects, landscaping or street improvements. |
Up to $2,000,000 |
For additional information, email the Economic Development Director, Melisa Tintocalis, or call (781) 862-0500 x267.
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