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Town faces business exodus as tax burden rises

August 27, 2024 | Town of Southborough, Worcester County, Massachusetts


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Town faces business exodus as tax burden rises
In a recent government meeting, officials expressed urgent concerns over the declining business landscape in Southborough, highlighting a significant shift in the town's commercial base. Local leaders reported the closure of several businesses, including Tommaso's and Bollard Engineering, and noted that the town's residential tax base has surged from 80% to 85% in recent years. This shift has placed an increasing tax burden on homeowners, raising alarms about the town's financial sustainability.

Officials emphasized the need for immediate action to attract and retain businesses, with calls for a robust case to be presented at the upcoming town meeting. The discussion underscored the necessity of revitalizing zoning regulations, which many believe are outdated and overly restrictive, making it difficult for new businesses to establish themselves in Southborough.

One notable example cited was the gym Stronger Uprising, which opted to relocate to Westborough due to the cumbersome process of opening a business in Southborough. This case illustrated the broader issue of competitiveness, as local leaders acknowledged that the town's zoning infrastructure does not support modern business needs, lacking mixed-use options and streamlined processes.

The Economic Development Committee (EDC) members stressed the importance of marketing Southborough as a viable business destination and fostering relationships with existing businesses to enhance community support. They proposed pursuing grant opportunities and suggested that increasing the EDC's resources could lead to more effective economic strategies.

Additionally, officials pointed out the financial implications of losing businesses, including a significant drop in meals tax revenue following the closure of local eateries. The meeting concluded with a consensus that revitalizing the commercial base is not a short-term fix but a long-term commitment requiring comprehensive zoning reform and a proactive approach to economic development.

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Scribe from Workplace AI
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