Company Success Spotlight Selection Policy for EDIP “Success Stories”
The purpose of Company Success Spotlight is to feature companies that have successfully used the Economic Development Incentive Program (EDIP) to foster job creation and stimulate economic growth in the Commonwealth. The primary intent of the content of this website is to educate and inform and is not intended to persuade, convert or sell.
All companies must satisfy the threshold criteria and any applicable required criteria. Companies that also satisfy the greatest number of applicable evaluative criteria will be given the most weight and are most likely to be approved. Satisfaction of all required, any evaluative criteria, and the vetting process does not guarantee that the requested link will be posted. MOBD has final discretionary authority and reserves the right to make determinations on a case-by-case basis.
Below are the criteria that will be used select companies to feature in the EDIP “Success Stories.” To be considered, companies must meet the following criteria:
- The company is a recipient of the Economic Development Incentive Program.
- The company has met or exceeded its proposed job creation commitments as specified in the EDIP Application materials.
- The company must :
- be in good standing with the Department of Revenue; and
- be in good standing with the Department of Unemployment Assistance; and
- as required by Section 7 of the EDIP guidelines, has submitted a complete annual report to MOBD and reported relevant employment data; and
- is in compliance with all other material EDIP requirements as provided in the EDIP guidelines.
If the company meets the threshold criteria, in order to be featured in the initial round of EDIP “Success Stories” a four-part selection process will be employed:
- Employment data supplied in annual reports will be analyzed for all companies that meet the threshold criteria. Companies will be selected based on the number of jobs by which companies exceeded their job creation commitments, with greater weight generally afforded to those that significantly exceeded their commitments.
- MOBD Regional Directors will provide “in the field” feedback on the companies relative to the following:
- Progress or completion of the project in terms of construction or relocation, and other areas of progress.
- Updates on the company’s job creation and expansion progress since the company filed its most recent annual reports
- To provide an inclusive snapshot of business activity in Massachusetts and to exemplify the range of companies who participate in the EDIP, MOBD considers other discretionary factors related to companies and projects, including, but not limited to geographical location, size, industry sector, and approval date of projects.
- Satisfaction of all required, any evaluative criteria, and the vetting process does not guarantee that the requested link will be posted. MOBD has final discretionary authority and reserves the right to make determinations on a case-by-case basis.
If your company meets the above criteria and would like to be featured on our page, please contact us at email@example.com