• Starting a Business in Holyoke

     


  • Starting a business is a difficult decision. While there is no single source that outlines all required procedures, this page has been developed to assist you in starting your business. Whether you are starting, expanding, or need information about doing business in Holyoke, this is the place to get started.

    If your business is growing and you’re looking for ways to expand your facility, grow your workforce, or invest in new equipment, Holyoke wants to help you.

     

     

  • Finding a Location

    Choosing a business location is perhaps one most important decisions a small business owner will make, so it requires a great deal planning and research. It involves looking at demographics, scoping the competition, staying on budget, understanding state laws and taxes, and more.

     

  • Creating a Business Plan

    A good business plan is essential to formulate your business, obtain financing, attract qualified employees, identify strategic alliance partners, and speed your company’s growth. Business plans can help you to create a clear mission and vision, test out new ideas, and assess your company’s strengths and weaknesses. Check out the guidelines below to get started planning your business

     

  • Get an Identification Number

    Businesses need an Employer Identification Number (EIN) for federal tax purposes. Apply on the IRS website for free. 

     IRS EIN Application

  • Register Your Business

    See the Massachusetts Business Guide for information on registering your business, state licenses, and more. 

     Massachusetts Business Guide

  • Business Growth Incentives

    There are a variety of options for obtaining funding for both new and existing businesses in Holyoke.  When developing a new business it is essential to assemble financing that meets both the short-term and long-term needs of your business. Please explore the options for funding below, and contact local banks and lending institutions for further opportunities.

    The Holyoke Economic Development and Industrial Corporation (HEDIC) provides low interest loans for industrial businesses. New and expanding businesses are eligible for this loan. It may be used to acquire land or equipment or to fund renovations

     HEDIC Loan

  • The Community Development Block Grant (CDBG) provides grant funding to improve housing, living environment, and economic opportunities for persons of low to moderate income. The HOME Investment Partnerships Program Grant (HOME) may be used only to fund housing. Both grants are issued by the Office for Community Development

     Holyoke Office for Community Development

  • The Façade Improvement Program (FIP) is a program designed to provide grants of up to $25,000 to eligible property owners. The FIP funds exterior improvements to non-residential, non-industrial businesses located in downtown Holyoke. 

     Facade Improvement Program
  • Financing Options

    These financial institutions in Massachusetts are known for providing financial assistance to small businesses.

      

     Common Capital

  • 4 Open Square Way, 
    Suite 407, Holyoke, MA 01040 
    (413) 420-0183
     

     MassDevelopment

  • 99 High Street
    Boston, MA 02110
    (800) 445-8030
     

     Massachusetts Growth Capital Corporation

  • 529 Main Street
    Schrafft Center, Suite 1M10
    Charlestown, MA 02129
    (617) 523-6262