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Fitchburg State University has been given $65,000 in state funding to help redevelop Fitchburg's Main Street and Worcester's Main South neighborhood has been given $55,000 for facade and public-space improvements.
The funding, announced by state officials in New Bedford on Tuesday, is part of a statewide Transformative Development Initiative, which aims at spurring economic growth in Gateway Cities, the state's older, urban centers.
Of Fitchburg State's funding, $35,000 will provide incentives for private commercial buildings to improve their facades, upgrading the appearance of the neighborhood and keeping the historic integrity of the buildings. Another $30,000 will provide lease subsidies to businesses to encourage more active storefronts.
Fitchburg State, which is the state's partner in the city's Transformative Development Initiative program, will match, along with others, additional funds to double both of those Fitchburg initiatives.
In Worcester's South Main neighborhood, $40,000 will go toward facade improvements, along with a grant of the same amount given to the Main South Community Development Corp. Another $15,000, matched by the same amount from the Main South Community Development Corp., will activate public spaces in the neighborhood, including empty lots. Business owners and other community members will be able to apply for funding for programs that promote the area to bring foot traffic.
The Transformative Development Initiative has provided $13.5 million in funding over more than three years to Massachusetts cities, including grant programs, real estate investments and technical assistance.
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Worcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community. Get the news and information you need from the award-winning writers at WBJ. Don’t miss out - subscribe today.
Worcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
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