INFO FOR BUSINESSES

Location, Workforce & Infrastructure

Workforce Development

Holyoke Utilities

Holyoke Business Resource Center

Economic Development Incentives, Economic Opportunity Areas (EOA)

Development Opportunities

Office of Economic & Industrial Development

Office of Business Development

Office of Community Development

City Planning

Small Business Administration

Private Services for Businesses

Other Business Resources

ECONOMIC DEVELOPMENT INCENTIVES
ECONOMIC OPPORTUNITY AREAS (EOA)

Within Holyoke there are two Economic Opportunity Areas: the Interstate 391 and High Street Gateway Economic Opportunity Area and the Holyoke Citywide EOA. The latter offers incentives to the entire City. The program offers incentives to area businesses and prospective businesses to encourage private investment while stimulating job creation. EOA incentives include

• State Investment Tax Credit of 5%
• State Investment Tax Credit of 10% for Abandoned Buildings.
• Local Real Estate Property Tax Exemption Plan
• Clean Sites Initiative Program
• HOLYOKE GAS & ELECTRIC DEPARTMENT UTILITY DISCOUNTS
• MANUFACTURERS LOAN PROGRAM (Below Market Rates)
• HOLYOKE FOREIGN TRADE ZONE #201
  For more information call the Office of Economic and Industrial Development 413-322-5655 2200.
• FAÇADE IMPROVEMENT PROGRAM (Matching Grants up to $20,000)
  For more information call The Chamber of Commerce 413-534-3376 or the Office of Community Development 413-322-5610.