City, MGHPCC Reach PILOT Agreement Text Size
After initiating negotiations, Mayor Alex B. Morse is excited to announce that the Massachusetts Green High Performance Computing Center (MGHPCC) has agreed to make voluntary Payments in Lieu of Taxes (PILOT) to the City of Holyoke. Mayor Morse and MGHPCC are also announcing a scholarship program for Holyoke public school students enrolled at the MGHPCC’s participating universities. The PILOT payments will total $80,000 per year, the annual tax revenue due on the property before it was taken over by the MGHPCC. The scholarship program, funded by the MGHPCC, will provide $10,000 in scholarships annually to Holyoke public school students.
Please visit the MassLive Article for more information.
Posted on May 28, 2013 by cityadmin