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‘Opportunity Zones’ designation could spur Westfield Urban Renewal

This article was originally published on MassLive.com


By Hope Tremblay

WESTFIELD – The city’s downtown corridor was designated an Opportunity Zone this week by Gov. Charlie Baker. Mayor Brian P. Sullivan said this will help attract investors to Westfield.

“The Opportunity Zone designation has potential to be very beneficial to the revitalization of the city’s downtown,” said Sullivan. “It is another tool in the toolbox for developers and people looking to invest in our community. We are very thankful that Governor Baker and (Housing and Economic Development Secretary Jay) Ash share our vision for Westfield.”

Westfield Advancement Officer Joe Mitchell was thrilled Baker recognized the city.

“This designation should spur private investment in Westfield,” said Mitchell. “The municipality has ‘set the table’ with the Park Square and Gas Light District projects. The additional financial benefits associated with the Opportunity Zone designation, will assist property owners, developers and investors in enhancing downtown Westfield’s offerings.”

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Westfield’s large industrial zone, excellent highway/rail/air access, fast track permitting, economic incentive program, proximity to the region’s knowledge corridor of higher learning educational facilities, and highly skilled labor force contribute towards the success of any business.

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