These are the Board’s goals for calendar years 2024 through 2025. For more information, or to learn how you can partner with the Plymouth Foundation, please contact info@plymouth-ma.biz
Launch Co-Working Space
Plymouth’s central business district is at-capacity. With less than 3% vacancy for ground floor commercial space, the Foundation Board of Directors is working with private, state and federal partners to create a new collaborative workspace that will meet the demand for working professionals and start-ups. The Foundation has worked for 3 years to secure the funding and partnerships, including generous support from the state of Massachusetts.
The Co-Working Space will feature permanent offices, open desk floor plan, conference rooms with high tech digital meeting equipment and support staff that offers 24/7 access. The workspace will host events designed engage the community of innovators and entrepreneurs, enhance technical capacity for small business owners, support labor and workforce development. We expect to have more exciting announcements in Spring 2025!
Return 71 Hedges Pond Road to Tax Rolls
This site is adjunct to a capped landfill. The Cedarville Steering Committee created new commercial zoning called Cedarville Village Enterprise District approved by Town Meeting in 2018. In 2019, the Town of Plymouth asked the Plymouth Foundation to return the parcel to the tax rolls and attract an investor to create jobs. The Foundation received a competitive grant from our partners at MassDevelopment to prepare the site for sale and development.
The project is aimed at providing:
- Improvements to infrastructure and public safety: $2M from the sale of the site is explicitly to be used for much-needed traffic improvements at State Road and Hedges Pond Road. The Town will work with the State to engineer and build a remedy to the traffic concerns.
- Economic output: jobs and ownership equity will be created to support families in Plymouth.
- Fiscal return: the town will receive an estimated $900,000 – $1.2M in real estate tax revenue annually, based on the plan submitted to the Planning Board.
Holtec Site Masterplan (1500 acres)
The Foundation partnered with the Town of Plymouth to attract $300,000 investment from US EDA to conduct a public process that will determine how the Town might utilize the 1500 acres of land surrounding the now decommissioned nuclear powerplant. If Holtec decides to sell the land, the Town of Plymouth has right of first refusal. The goal of the Masterplan project is to assist the town with making informed decisions about the value of the land, and its development potential. You can read more about the project by visiting the US EDA Success Stories Newsletter and Blog:
https://www.eda.gov/impact/success-stories/innovation-and-entrepreneurship/economic-development-administration-supports
You can participate in the Masterplan process by contacting the Town’s Planning and Community Development Office.
Conference Hall and Hotel
The Foundation and See Plymouth partnered to attract funding from the Massachusetts Legislature to conduct a Market Feasibility Study. The study was concluded in 2018 and suggested the town may want to pursue this project. More about the study can be found on our website, here:
https://www.plymouth-ma.biz/a-convention-center-in-plymouth-its-just-a-concept-but-backers-of-the-idea-are-excited/