Select Board approves two tax-increment financing agreements worth combined $461K in exemptions.
Andover Select Board approves two major tax-increment financing agreements on a single vote. The board unanimously endorsed a $286,000 incremental tax exemption for AdvanCell, an Australian oncology pharmaceutical firm planning to locate its global headquarters at One Corporate Drive with a
Select Board · Meeting of April 14, 2026
Andover Select Board approves two major tax-increment financing agreements on a single vote. The board unanimously endorsed a $286,000 incremental tax exemption for AdvanCell, an Australian oncology pharmaceutical firm planning to locate its global headquarters at One Corporate Drive with a projected $62 million investment, and a $175,000 exemption for Onto Innovation, a semiconductor equipment manufacturer targeting 3000 Minuteman Road with approximately $40 million in capital. Combined projected tax collections over 15 years exceed $26 million.
The board also approved two one-day alcoholic beverage licenses for Marble Ridge Winery and continued three utility pole applications pending additional site information and design details.
In the full story:
- The complete report — 589 words
Source: the Select Board meeting of April 14, 2026, compiled from the official minutes.
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