City of Quincy’s 45x30 Economic Vision

Retail Marketing & Recruitment Initiative (Adopted February 2021)

A goal of the City of Quincy’s 45x30 Program is to expand retail opportunities by providing incentives that encourage in-fill growth of specific retail needs, thus increasing various tax revenues. The city’s Retail Marketing & Recruitment Initiative will allow the city to work with NextSite, a national commercial development firm that specializes in identifying and connecting development opportunities to communities, tenant representatives and end-users.

NextSite has connected and supported more than 20-million square feet of commercial development projects in the past five years, resulting in more than $4.1-billion in investment. The investments have included shopping centers, hospitality, entertainment, mall redevelopment, grocery, and mixed use facilities.

The city entered into a three-year, $45,000 agreement ($15,000/year) with NextSite. The agreement includes a “success fee” that is provided to NextSite if a regional or national (non-local) retail store or restaurant, a single tenant, or a multi-tenant development is recruited to the Quincy Market. The Retail Marketing & Recruitment Initiative will be funded through revenue generated by the 1% food and beverage tax.