Revere is poised to join other cities and towns in the region that have recently offered tax breaks to encourage businesses that are either expanding or relocating in their communities.

City officials recently negotiated an approximately $1 million tax increment financing agreement with Squire Charger Realty, LLC, which is seeking to bring a Market Basket to a site adjacent to Northgate Shopping Center at the corner of Squire Road (Route 60) and Charger Street.