Business Minded
There are many reasons why you may want to bring your business to Mansfield:
- The town of Mansfield has worked on a long term master plan and short-term strategic plan that prioritizes industrial and commercial developments
- Pragmatic town management allows for ease of permitting business owners
- The town is consistently approving TIF agreements for new investments
- Current TIF Agreements include:
- Medline: Ten year TIF. Construct a new 325,000 square foot warehouse and distribution center. Tax savings over the period of the agreement estimated to be $908,000.
- Tyco/Flow Valve: Eighteen year TIF. Relocate business, purchase and renovate a xxx square foot building. Tax savings over the period of the agreement estimated to be $518,000.
- Samsonite: Five year STA. $2 million investment in infrastructure. Tax savings over the period of the agreement estimated to be $285,000.
- Hagen: Ten year TIF. Projected $2.5 million in leasehold improvements and capital investment; and creation of 20 new jobs. Tax savings over the period of the agreement estimated to be $90,000.
- Medco: Ten year TIF. $3.5 million for land, construction, and equipment; and the creation of 20 new jobs.. Tax savings over the period of the agreement estimated to be $18,000.
- Current TIF Agreements include:
- Mansfield, MA offers a competitive tax rate while providing business owners with superior municipal services
- Mansfield is a member of the active Tri-Town Chamber of Commerce, providing business friendly advantages
- The strategically placed Holiday Inn and Marriott are located close by for holding functions and seminars that are key to a successful work enviroment
- Mansfield is home to the 3rd largest corporate park in MA: Cabot Business Park. This 850-acre master planned park is well known for its ideal location and scenic appeal, operated electric service, fiber optics, ample water and sewer capacity and an efficient permitting process. Successful companies are attracted to the unique park location. Parts of Cabot Business Park are eligible for economic opportunity credits. See the following link: economic_opp_area_credit.pdf
- Mansfield created re-development opportunities through up-zoning in the Cabot Business Park and downtown in the Transit Oriented Development Zone
- More than six and a half million people live within an hour commute of Mansfield-thus providing a diverse, easily accessible, highly educated work force with a wide range of skills.
- Town owned electric department offers competitive commerical rates