The Commonwealth of Massachusetts offers a variety of economic incentive programs designed to promote private investment across the state.
Economic Development Incentive Program
The Economic Development Incentive Program (EDIP) is a tax incentive program designed to foster job creation and stimulate business growth throughout Massachusetts. Participating companies may receive state and tax incentives in exchange for job creation, manufacturing job retention and private investment commitments.
Massachusetts Office of Business Development
The Massachusetts Office of Business Development (MOBD) is committed to helping companies create and retain jobs, as well as promote private investment in our state. They facilitate simplified, timely access to a host of governmental and private resources and incentive programs that will help businesses grow faster and stronger in Massachusetts.
Massachusetts Investment Tax Credit
The Massachusetts Investment Tax Credit (ITC) offers a three-percent credit for qualifying businesses against their Massachusetts corporate excise tax. The credit is to be used for the purchase and lease of qualified tangible property used in the course of doing business.