Three Chelsea development projects get tax breaks

The Boston Globe | By John Laidler
October 11, 2016

Three development projects in Chelsea are receiving boosts through state and local tax relief. The state’s Economic Assistance Coordinating Council recently approved local tax breaks for the three projects and awarded state tax credits to two of them.

Golden Cannoli Shells, a family-owned manufacturer of pastries and pastry fillings on Crescent Avenue, is increasing its existing facility by 4,500 square feet and expanding into an adjacent 11,000-square-foot warehouse with the help of $120,000 in state tax credits and a tax increment financing agreement from the city valued at $8,000. (Such an agreement exempts a developer for a specified period of time from a portion of the property taxes generated from its investment in the site.)

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