Incentives

Name Description
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.
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.
STAR Program The STAR program allows Beverly Main Streets to help you make your storefront look great by reimbursing you for flowers, flags and more.  Funds will be allocated on a first-come, first-served basis. When the funds run out, the program closes for the year. Click on “STAR” program to the left for further details.
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.
Mass. Economic Development Incentive Program including Tax Increment Financing (TIF) Text
Mass. Life Science Center Incentives Text