Unlock Economic Development Potential that will allow the full development of the Broadway corridor and will spark the development the following benefits:
- Unlock and support the development of the new housing units
- Increase number of potencial consumers in the district
- Increase tax revenues
- Increases available parking
- Attract new investment, and encourage development of existing owners
- Unbundles the cost of parking from housing development in the district.
Status: Completed Financial Feasibility Study
Projects
COVID-19 Financial Assistance – Block Grant
The Chelsea Business Foundation obtained limited funds from MassDevelopment to provide financial assistance to Latino and Small Businesses in the TDI District of Downtown Chelsea facing hardship caused by the COVID-19 pandemic. The assistance and…
Technical Assistance (TA)
Outcomes: Engaged and outreached 200+ businesses in Downtown Chelsea Selected (5) businesses in Chelsea to received $5,000 USD (each) to implement TA recommended Provide technical assistance in a bilingual and culturally relevant manner to 10+…