Canton, Massachusetts · Saved source text

(3-30-25 Document #3) EDC Committee Report26v1

Budgets & Finance · Record date 2025-03-30 · Record d9f343f7be84bb19f0

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CANTON
Economic Development
Committee Report

May 11th, 2026

Economic development in Canton is a top priority
for the Select Board with the following initiatives.

   Maintain and grow a strong
    and vibrant business
    community
   Ensure stable commercial
    tax revenue cash flow for
    town services
   Increase property values of
    residences and businesses
    in our community by
    ensuring a growth-orientated
    economic development plan
   Maintain Canton’s
    outstanding reputation as a
    proactive business-friendly
    community in MA
                                     Confidential and Proprietary

Canton Business Development
Headlines – 2025

   Sale of 275 Dan Road, former
    Organogenesis Research
    Facility
   Construction starts at 362
    Turnpike Street of new self
    storage facility.
   Expansion and new companies
    at 250 Royall Street.
   Rivian acquires 121 and 125
    Shawmut Road.
   Variety of new businesses at
    Cobbs Corner and Washington
    Street corridor.

                                   Confidential and Proprietary

Canton Business Updates




                     Confidential and Proprietary

Impact of Economic Development
on Canton

   The Canton business community paid over $40 million in
    commercial and industrial taxes in 2025, which is 39.5% of
    the tax levy.
   The commercial and industrial valuation of businesses in
    Canton is over $1.8 billion.
   Canton is one of the top Norfolk County communities in
    commercial taxes generated.
   2026 residential tax rate (per thousand dollars of assessed
    value) is to $9.75, the lowest in Norfolk County. The
    commercial rate is $19.67.
   A strong commercial tax base helps keep residential taxes
    low!

                                            Confidential and Proprietary

Comparison of Commercial/Industrial Tax as a
Percent of Total Levy in Norfolk County
Municipalities for FY 2024

 CANTON: 39.48%
 Braintree: 33.05%
 Dedham: 30.15%
 Stoughton: 29.91%
 Foxborough: 25.62%
 Westwood: 20.91%
 Randolph: 19.70%
 Sharon: 7.49%
 Milton: 6.58%
                                                  Confidential and
Source: MA DOR, Div. of Local Services, 3/26/26     Proprietary

Canton Businesses Practice Community
Responsibility and Engagement

   Over 25 Canton businesses offer annual
    scholarships to CHS and BHRTS
    students.
   In 2025, over $45,000 was donated to
    Canton Public School, Canton Food
    Pantry and we just announced a major
    donation and Sponsorship to the Paul
    Revere Heritage Center.
   Since its inception years ago, the
    Canton Association of Business and
    Industry (CABI) has donated over $2
    million to Canton charitable
    organizations.
   CABI hosts the annual Canton Road
    Race, which is held each September at
    Trillium Brewing with over 600 runners.
   CABI is a 501.3 nonprofit organization.
                                              Confidential and Proprietary

Canton EDC greatly appreciates the support of the
SB and other Town Boards and Committees.


 Gene Manning – Chair
 Emilio Mauro – Vice Chair
 Tera Kull – Clerk
 Ty Allen
 John Seguin
 Gregory Murphy
 Dr. Alan Rapoport
 Dr. Gopal Chopra
 Jay Foley
                                  Confidential and Proprietary