Economic Development Committee

Recent News & Events
Last Updated March 29, 2024

NEW 03/29/2024 - You can download the presentation that EDC made to the Select Board earlier this year HERE.

The Town of Belmont received a grant from the Massachusetts Downtown Initiative to participate in the Local Rapid Recovery Plan (LRRP) program. This program was developed as part of the Baker Polito Recovery Plan and provides municipalities with technical assistance to develop actionable, project-based recovery plans tailored to unique COVID related economic challenges and impacts to downtowns and town centers. The Town of Belmont is one of 125 participating municipalities in this program.

LRRP Final Report

The Economic Development Committee (EDC) was formed in 2020 by the Select Board following the completion of the Belmont Business Strategy. The Role of the Belmont Economic Development Committee (BEDC) is to develop, implement, and update the recommendations in the Belmont Business Strategy, in conjunction with Town staff and departments.   

The committee focuses their efforts in the following areas:

• Advise the Select Board and other town boards on issues concerning bylaws, policies, regulations, and zoning that foster commercial growth, strengthen the local economy, and are consistent with maintaining the character of our community
• Focus efforts on activities that maintain or expand the commercial & industrial tax base
• Identify changing economic trends and develop recommendations to maximize interest in our community and attract these potential new businesses
• Advocate for state and federal grants, incentives, or for improvement in regulations that help advance our economic priorities
• Establish relationships and improve communication with local businesses