- Planning Department
- Bylaws and Supplemental Regulations
- Economic Development
- Economic Target Area Project Thresholds
Economic Target Area Project Thresholds
Adopted by South Hadley Selectboard on August 21, 2007
- Does the proposed project strengthen the Falls area?
- Does the proposed project provide for skilled labor, expand jobs and pay livable wages, specifically benefiting residents of the South Hadley ETA or benefits persons residing within adjoining ETAs?
- Does the proposed project leverage private investments (e.g. $3 to 4 of private investment / $1 of public (e.g. new sewer line, road improvements, etc) with public funds?
- Does the proposed project involve a substantial investment of private capital for development, redevelopment and/or equipping buildings in the South Hadley Falls area? (Substantial investment is measured as a percentage of the current property's assessed value for existing buildings and/or as a ratio of investment per job created / retained.)
- Does the proposed project improve the quality of life for South Hadley residents?
- Does the proposed project increase homeownership opportunities?
- Does the proposed project positively impact real estate values?
- Is the proposed project a catalyst for future good development?
- Does the proposed project increase local revenues?
- Does the proposed project help achieve any of the ETA's 5-year goals by:
- Upgrading the visual image of the South Hadley Falls area, particularly the commercial/industrial properties?
- Expanding access to improved employment opportunities for the residents of the South Hadley Falls area?
- Increasing occupancy of the viable commercial/industrial space in the South Hadley Falls area?
- Developing the tourism market in the South Hadley Falls area?
- Is the proposed project located within an area which meets the definition of being either a blighted open area, decadent area, or substandard area as defined in Massachusetts General Law, Chapter 121A?
- Does the proposed project contribute to alleviating the blight, decadent, or substandard conditions.
- Does the proposed project provide a service or function which is currently needed by residents of the South Hadley Falls area, disadvantaged population groups and/or ethnically diverse populations?
- Is the proposed project located within an area which meets 4 or more of the following criteria?
- The area has a relative concentration of vacant buildings and unkempt properties.
- The poverty rates exceeds the ETA average poverty rate.
- At least 35% of the households have annual incomes below 80% of the Springfield MSA annual income.
- The percent of households headed by females is greater than the average for the ETA.
- The percent of households renting their residence exceeds the average for the ETA.