City of Pittsfield Economic Development Fund

The City of Pittsfield has an Economic Development Fund through which it can offer financial incentives to businesses that will have a significant positive impact on the City’s economic development.  The Mayor may propose (for City Council approval) financial incentives for businesses that plan to create high quality jobs and make substantial investments in real estate.  Consideration in determining the level of incentives the City might offer is given to the long-term public benefits of the project, including capital investment, potential tax revenue income, the number, quality and longevity of jobs, community programs offered, and secondary economic benefits that will be generated by the business activity.