Economic Development Commission Will 'Roll Out Slowly'
Adams will roll out economic development initiatives slowly.
ADAMS, Mass. — With town meeting passing articles that allow the creation of an economic development fund and revenue streams, the economic development commission is ready to go.
Town Administrator Tony Mazzucco said during a selectmen meeting in early June that he is ready to "roll out" the initiative, "slowly."
“We are ready to move forward with the next steps of the economic development commission,” Mazzucco said. “It will let us start the process or recruiting those interested and figuring out how they want to go forward and operate.”
The board ratified the creation of the commission in June. This gives Mazzucco the right to collect letters from interest from people from Adams and outside of Adams and then appoint the 15 candidates he think will work the best on the commission.
The money the commission will use will specifically be used for economic development and will be critical for developing and advertising the town to businesses.
The committee is based on revenue streams that will stem mostly from a newly adopted local meal tax, which is anticipated to bring in near $80,000 annually.
Revenue streams from an adopted local lodging tax and $15,000 annually from a payment in lieu of taxes agreement for a solar array on East Road.
All together the fund should have $100,000 annually.
Tags: Adams, economic development,