DALTON — Efforts to transform a former Crane & Co. stationery mill into a multi-use business and event hub got a big boost from the state this week.
The Stationery Factory on Flansburg Avenue has been approved for a 10-year tax-increment financing (TIF) agreement designed to support business growth and job creation. The agreement, which received unanimous support at a special Dalton town meeting on June 27, is valued at $322,000 and will go into effect July 1, 2017. “What the TIF does is, it really gives you a bit of relief as you’re growing, with the understanding that you’re going to pay the full tax load once you’re up and ready,” said Steve Sears, co-owner of the Stationery Factory and a former employee of Crane & Co. Source: Berkshire Eagle article