With our town's good fiscal discipline, the EDC's mission is to help stabilize residential taxes through the growth of the commercial tax base, while preserving the unique character and charm of Southborough. Assessed commercial values are up $300,000 from the last fiscal year - a direct offset to residential taxes. With over 100 new jobs created in 2016, funding the EDC pays for itself and preserves an approximate $6 million commercial and industrial tax base to the benefit of all residents. This represents approximately 15.5% of the Town's total tax revenues. The EDC also supports historic preservation, open space, and other efforts that enhance the quality of life for our residents, businesses and their employees.