Today, the Baker-Polito Administration announced a new partnership between MassDevelopment and the City of Taunton to develop a downtown district master plan for the city. MassDevelopment will provide up to $50,000 through its real estate services department for planning and feasibility work that will help ensure the new Taunton City Hall, under construction at 15 Summer St., is integrated into the downtown. The study will also\u00a0explore strategies for attracting private investment to vacant buildings along Taunton\u2019s Main Street. The master plan will build on previous state and federal investments in Taunton, including $6.1 million in MassWorks Infrastructure Program grants.\n\n\u201cThe City of Taunton has made great strides to boost economic activity through recent industrial, housing, and infrastructure developments,\u201d said Housing and Economic Development Secretary Jay Ash. \u201cThis master planning effort compliments previous state investments and will further the city\u2019s ongoing revitalization efforts, integrating key parts of the community\u2019s downtown and working to attract commercial and residential activity.\u201d\n\n\u201cMassDevelopment\u2019s real estate services help Massachusetts communities solve complex economic development challenges through creative, practical solutions,\u201d said MassDevelopment President and CEO Lauren Liss. \u201cWe have been proud to partner with the City of Taunton to capitalize on resources like the Myles Standish Industrial Park, and we look forward to helping this community develop a downtown vision that leverages existing assets and identifies new opportunities for economic growth.\u201d\n\n\u201cI would like to thank Secretary Ash and his office for their support in obtaining this grant through MassDevelopment,\u201d said Mayor Thomas Hoye. \u201cMassDevelopment has been a tremendous partner with the City of Taunton, and we could not ask for a more qualified agency to assist in our downtown revitalization efforts. We have made significant strides downtown, and this much needed technical assistance will allow us to take our efforts to the next level.\u201d\n\n\u0022I am pleased that Taunton is a priority to this administration,\u201d said state Rep.\u00a0Shaunna O\u2019Connell. \u201cThis grant will be a good step in revitalizing downtown Taunton and reviving economic development in the area. \u201c\n\n\u201cWhile Taunton has always had a diverse and active city center,\u201d said state Rep.\u00a0Patricia A. Haddad, Speaker Pro Tempore. \u201cThis planning grant will aid the community\u2019s efforts to expand the downtown as a vibrant cultural and commercial hub.\u201d\n\nMassDevelopment previously partnered with the Taunton Development Corporation and the City of Taunton on the expansion of the Myles Standish Industrial Park and the creation of the Business Park at Myles Standish. This $26 million public-private development project was partially financed with two MassWorks grants from the Massachusetts Executive Office of Housing and Economic Development, totaling $6.1 million; $3.1 million in grants from the U.S. Economic Development Administration; and a $600,000 brownfields remediation grant from the Environmental Protection Agency. The development project is located at the former Paul A. Dever State School, which closed in 2002. More than 1 million square feet of new private development and about 1,100 jobs have been created since MassDevelopment and the Taunton Development Corporation formed a nonprofit corporation in 2012 to begin this 220-acre development project.\n\nMassDevelopment, the state\u2019s finance and development agency, works with businesses, nonprofits, financial institutions, and communities to stimulate economic growth across the Commonwealth. During FY2017, MassDevelopment financed or managed 377 projects generating investment of more than $4.3 billion in the Massachusetts economy. These projects are projected to create about 9,488 jobs and build or rehabilitate 1,863 residential units.