Economic Development Tools

Name Description
Beverly is a BIOReady Community! The Massachusetts Biotechnology Council named Beverly  a BIOReady community because of its policies which support the growth of the business in the community through its permitting policies, by-right zoning, public infrastructure projects, pre-permitted biotech sites, and planned development.
Beverly’s HUBZone The program falls under the auspices of the U.S. Small Business Administration. The program encourages economic development in historically underutilized business zones – “HUBZones” – through the establishment of preferences.  The benefits of locating in a HUBZone include:

  • Competitive and sole source contracting
  • 10% price evaluation preference in full and open contract competitions, as well as subcontracting opportunities.
Facade and Sign Improvement Program  The City of Beverly, in partnership with Beverly Main Streets, offers a Façade and Sign Improvement Program to help business and property owners in downtown Beverly improve their storefronts. Click on “Façade and Sign Improvement Program” to the left for further details.  NO FUNDING CURRENTLY AVAILABLE.
Retail Incentive Program  The program, sponsored by Beverly Main Streets, every downtown retailer may apply for up to $7500 in rent assistance to help offset their first year expenses. They will also receive free sponsorship of a downtown light pole banner and a 3-year membership in the Retailers Association of MA.  Business owners are encouraged to apply at any time. Funding is limited and awards will be made on a rolling basis.  Click on “Retail Incentive Program” to the left for further details.