The Economic Development Incentive Program (EDIP) is a three-way partnership between a company, the local community and the state government to foster job creation and stimulate business growth throughout the Commonwealth. Participating companies may receive state and local tax incentives in exchange for job creation, manufacturing job retention and private investment commitments.
The Massachusetts Office of Business Development will be holding information sessions across the Commonwealth to offer municipalities an opportunity to learn about the administration of the EDIP since legislative reforms were enacted in 2010. Key topics covered by the EDIP Team will include: Legislative changes to the EDIP, clarification on Tax Increment Financing (TIF) and Special Tax Assessment (STA) agreements and their interface with the EDIP, project compliance and revocation process and an overview of the new company and municipal annual reporting system.
If you wish to attend an information session, kindly RSVP to Andrew McDowell at firstname.lastname@example.org. Space is limited. Please note: Sessions are targeted toward municipalities, however we invite members of the public and other affiliations to attend dependent on space availability.
Information Sessions Schedule:
|Western**||Thursday, September 19th||11:00 A.M. to 12:30 P.M.||Holyoke Community College|
|Central**||Tuesday, October 1st||2:00 P.M. to 3:30 P.M.||Union Hall, Worcester|
|MetroWest**||Tuesday, October 8th||9:00 A.M. to 10:30 A.M.||495/MetroWest Corridor Partnership, Westborough|
|Southeast, Cape & the Islands**||Tuesday, October 15th||11:00 A.M. to 12:30 P.M.||Yarmouth, Association of Realtors Hall|
|North Central||Wednesday, October 23rd||1:00 P.M. to 2:30 P.M.||860 South Street, Fitchburg|
|Northeast||Tuesday, October 29th||10:00 A.M. to 11:30 A.M.||Merrimack College, Cascia Hall|