Economic Development Committee

Open for Business in Medfield, MA 

The attached list has been compiled by the Town of Medfield for community members to know what services are available in the community as businesses adapt to the COVID-19 situation. Please confirm offerings with establishment directly. 

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Open for Business Picture

During the COVID-19/coronavirus public health emergency, the 495 MetroWest Partnership has been putting out regular email resource updates for regional partners in business, local government, education, and community-based and non-profit organizations. Each of those updates can be found below: 

The 495/MetroWest Partnership, through a unique public-private collaboration with businesses, municipalities, and other stakeholders, is the regional leader for creating an environment that prepares for and cultivates sustainable growth. We accomplish this by coordinating, educating, and advocating for solutions to regional constraints and limited natural resources. Be sure to sign up to receive their email newsletter!

July 21st Update

July 17th Update


July 15th Update


July 10th Update


July 7: Data Brief Frontline Workers in the 495/MetroWest Region


July 2nd Update: Phase 3 Reopening Information


July 2nd Update


June 29th Update


June 24th Update


June 19th Update


June 17th Update: Shared Streets & Spaces Application Information


June 11th Update


June 7th Update

June 4th Update


June 1st Update: Further Phase 2 Reopening Information, Including Retail

May 29th Update: Restaurant & Lodging Reopening Guidance Released

May 28th Update


May 22nd Update

May 18th Update: Overview of Massachusetts Reopening Plan

May 14th Update

May 11th Update: Gov. Baker Announces Phased Reopening Approach & Workplace Safety Standards

May 8th Update

May 1st Update

April 29th Update

April 23rd Update

April 20th Update

April 14th Update: Summary of Virtual Economic Roundtable Hosted by House and Senate Ways & Means Committees

April 9th Update

April 3rd Update

April 1st Update

March 23rd Update

March 18th Update

March 16th Update

5/1/20: Pro bono legal support

The Attorney General’s Office joined a coalition of law firms, nonprofits, and government agencies – led by Ropes & Gray, Lawyers for Civil Rights and Lawyers Clearinghouse – to launch the COVID Relief Coalition to provide pro bono legal support to vulnerable businesses and mission-driven organizations.Coalition partners have created a new website that will support the coalition’s mission by enabling small businesses and nonprofits to learn about and apply for emergency loans and other sources of relief. The website will connect eligible small businesses and nonprofits to free legal support by coalition partners.In addition to the Attorney General’s Office, coalition partners include the city of Boston; Greater Boston Chamber of Commerce; Boston Bar Association; The Boston Foundation; United Way of Massachusetts Bay and Merrimack Valley; Dechert, Fish & Richardson; Foley Hoag; Foley & Lardner; Goodwin, Goulston & Storrs; Mintz, M

4/23/20: Congress Approves Additional Funding for Paycheck Protection Program & EIDL


Both the U.S. Senate and House have now passed, and the President is expected to sign, The Paycheck Protection Program and Health Care Enhancement Act, which provides additional funding to the SBA Paycheck Protection Program for businesses in response to the COVID-19 disaster, among other provisions.

The final bill, summarized below, provides additional funding for small business loans, health care providers, and COVID-19 testing.

Paycheck Protection Program
The bill:
  • Increases the appropriation level for the Paycheck Protection Program from $349 billion to $670.335 billion; this section adds $310 billion for loans and an additional $11.335 billion for administrative fees;
  • Creates a set-aside for Insured Depository Institutions, Credit Unions, and Community Financial Institutions for the Paycheck Protection Program;
  • Defines Community Financial Institutions as Community Development Financial Institutions (CDFIs), minority depository institutions (MDIs), certified development companies, microloan intermediaries, and State or Federal Credit Unions

This bill sets aside the following amounts for the Paycheck Protection Program to be made by the following institutions:
  • $30 billion for banks and credit unions, including minority depository institutions (MDIs), with more than $10 billion in assets but less than $50 billion in assets that are PPP lenders; and
  • $30 billion for banks and credit unions with less than $10 billion in assets, as well as all Community Development Financial Institutions (CDFIs), MDIs, certified development companies (CDCs), and microlenders that are PPP lenders.
This set-aside does not prohibit these community lenders to access additional PPP funds available to all lenders.


Economic Injury Disaster Program
The Paycheck Protection Program and Health Care Enhancement Act expands the Economic Injury Disaster Loan program to increase assistance to small businesses by:
  • Increasing the authorization level for the Emergency Economic Injury Disaster (EIDL) Grants from $10 billion to $20 billion;
  • Allowing agricultural enterprises as defined by section 18(b) of the Small Business Act (15 U.S.C. 647(b)) with not more than 500 employees to receive EIDL grants and loans;
  • Appropriating an additional $50 billion for the Disaster Loans Program Account to remain available until expended; and Appropriating an additional $10 billion for Emergency EIDL Grants to remain available until expended.


Health Care Providers
This bill provides $100 billion in FY2020 supplemental appropriations to the Department of Health and Human Services for the Public Health and Social Services Emergency Fund, including:
  • $75 billion to reimburse health care providers for health care related expenses or lost revenues that are attributable to the coronavirus outbreak; and
  • $25 billion for expenses to research, develop, validate, manufacture, purchase, administer, and expand capacity for COVID-19 tests to effectively monitor and suppress COVID-19.
                                                

Quick Guide to State & Federal Assistance Programs - Courtesy of Rep. Josh Cutler; Eligibility rules vary, see links for details (Updated 4/6/20)

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Coronavirus Aid, Relief, and Economic Security (CARES) Act             

Coronavirus Emergency Loans 

Small Business Guide and Checklist

Economic Injury Disaster Loan Application

Click here for a list of SBA lenders in Massachusetts 

Support for Small Businesses During COVID-19 

Economic Injury Disaster Loan (EIDL) program

The MA Emergency Management Agency (MEMA) and Baker-Polito Administration are working closely with the U.S. SBA to activate the Economic Injury Disaster Loan (EIDL) program which would provide assistance to eligible businesses and non-profits impacted by COVID-19.

  • The 1st step in this process is to meet a minimum threshold of affected businesses within MA. Affected small businesses and non-profits should download, complete, and submit the SBA EIDL Worksheet  & Instructions to expedite activation of the EIDL program.
  • Completed forms can be submitted by email to Disaster.Recovery@mass.gov or by fax to (508) 820-1401.  If you do fax the form, please include your e mail.   Please note, this initial survey form is not a SBA loan application.
  • When the EIDL program is activated, you will be contacted to apply directly to the SBA and this website will be updated with application details. For questions, please contact Disaster.Recovery@mass.gov
  • About the EIDL program: EIDLs provide small businesses with working capital loans of up to $2 million to help meet financial obligations and operating expenses until normal operations resume.

Emergency Preparedness

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Meetings

  • Committee on hiatus

Agendas & Minutes

Agendas are available prior to the meetings. Minutes are available following approval.

View Most Recent Agendas and Minutes

Members

  • Patrick Casey, Chair
  • Paul Hinkley, Vice Chair
  • Ralph Costello
  • Bob Callahan
  • Alex Jowdy
  • Ann Thompson
  • Joseph Scier, Associate Member


Economic Development Committee Mission Statement

The Economic Development Committee should work proactively to promote and encourage the development of Medfield’s business and industrial tax base and to give the Town’s residents more opportunities to live, work and thrive in an economically forward-looking and financially strong community. The Committee should explore ways to support existing businesses and encourage them to stay and expand in the Town and it should seek out new businesses to locate in Medfield. The Committee should strive to market the Town as a good place to do business by seeking ways to create a business-friendly environment, a streamlined permitting, licensing and approval process and a centralized informational source on business opportunities, commercial and industrial real estate options, public and private grant and tax incentives and supporting/encouraging housing that is revenue positive to the Town.