Featured Community Project
Newburyport Smart Growth District & Newburyport Business & Industry Park
Residential, Mixed-Use, Commercial, and Industrial Development Opportunities
Direct Access from Route 1 and the MBTA Commuter Rail Station
Newburyport’s 40R Smart Growth District was approved in 2015 and will encompass a number of commercial properties between the MBTA Commuter Rail Station and the nearby Route 1 Traffic Circle. Since the City’s adoption of a 2004 Strategic Land Use Plan the community vision for this underutilized area has become a walkable “transit-oriented” multi-story residential and mixed-use neighborhood.
The City worked with MINCO Corporation on the Smart Growth District zoning regulations, which allow for a greater density of residential development, combined with adaptive first floor space, suitable for retail, office or small business incubators.
* Pictured Above: Vision for the Newburyport Village District
Economic Development in Newburyport
The 2016 Boston Business Journal’s Book of Who’s Who recognized the following fun facts about Newburyport:
- Chase & Lunt at 65 Parker Street was ranked #12 as The Best Place To Work for Extra Small Companies [20 to 49 employees]
- The Institution for Savings at 93 State Street was ranked #18 as the Largest Bank in Massachusetts
- Arwood Machine Corp. at 95 Parker Street was ranked #13 as the Largest Veteran Owned Company in Massachusetts
- The Greater Newburyport Chamber of Commerce at 38R Merrimac Street was ranked #10 as the Largest Chamber of Commerce in Massachusetts
- Mechanica at 75 Water Street was ranked #21 as the Largest Advertising Agency in Massachusetts
- Matter Communications Inc. at 50 Water Street was ranked #8 as the Largest Public Relations Firm in Massachusetts
The City of Newburyport is an Economic Target Area and has negotiated FOUR Tax Increment Finance agreements with the following companies: Rochester Electronics, Mark Richey Woodworking, Bradford & Bigelow and UFP Technologies (which is renovating the former Cabot site). Newburyport is also an Economically Distressed Area and they have a Silver Rating as a Bioready Community from MassBio.
Newburyport’s downtown is listed as a Priority Development Area of State Significance, and the Industrial Park is designated as Regional Priority Development Area.
Are you interested in history? Take a visit to the Custom House Maritime Museum. Explore all of the many dining options available in Newburyport! Some options include: Michael’s Harborside, Agave Mexican Bistro, Loretta Restaurant, Brine, Mr. India Restaurant, Mission Oak Grill, Black Cow Restaurant, Park Lunch, Glenn’s Food and Libations, and The Jewel in Crown just to name a FEW.
And did you know Newburyport has a cultural arts center? The Firehouse Center for the Arts is a non-profit, 191 seat theater that is active throughout the year with Firehouse Produced events, partner presentations, and arts education programs. Check them out!
And don’t forget… the Annual Yankee Homecoming Days which happen at the end of July/beginning of August every summer. Click here for a description on what all these economic business incentives mean for doing business in the City of Newburyport!