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Opportunities for Businesses

Unlike many surrounding town, Hopkinton has for many years established a single tax rate for residents and businesses. Given the wide support for commercial development, the Town will most likely continue to keep a single tax rate in the future.

In 2007, Hopkinton residents voted to alter the zoning bylaws for the downtown business district and the South Street Industrial zone to allow for more favorable limits on what can be constructed. This included a four story limit on South Street replacing the three story limit.

We also have a history of supporting Tax Incremental Financing. Lonza Corporation was recently awarded a TIF to build an expansion.

The Mass High Technology Council has rated Hopkinton #13 for “tech-friendliness” among 351 cities and towns in Massachusetts.

One of the best features of the Town is that we have our own Chamber of Commerce. The Chamber is very active with the political climate and has many of its members serving on various boards in town. The Chamber provides networking opportunities among its members through monthly membership events and socials. They also host the Citizen Of The Year award which recognizes individuals who have contributed to the community.

Support from Citizens

The citizens of Hopkinton have made it clear that they would like to see more businesses locate in town. They have made it clear in a number of different venues that increasing the commercial base will provide fiscal stability and additional products and services that they currently go elsewhere for.

Support from Government

Town Government is heeding the advice of it residents and has purchased a large parcel of land to develop, among other things, a 350K gallons per day waste water treatment plant that will allow for business expansion along the route 495 corridor.