MASSACHUSETTS INCENTIVES SUMMARY

Economic Development Incentive Program (EDIP)
EDIP is an incentive program to assist with job creation, manufacturing job retention, and capital investment in Massachusetts. Tax credit awards average between $10,000 and $15,000 per job and are based on the location, industry, salaries of jobs created, and the amount of job creation. The tax credit will reduce up to 100% of tax liability, then provide refundable tax credits for amounts above the tax liability.

Investment Tax Credit
Available to manufacturers, certain R&D companies, and companies engaged primarily in agriculture or commercial fishing. Offers a three percent tax credit against the Massachusetts corporate excise tax for the purchase and lease of qualified tangible property used in business operations.

Brownfields tax Credit
This program allows companies that remediate contaminated properties to apply for a tax credit of either 25% or 50% of the cleanup cost.