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 (MOBD) invites municipal representatives and other economic development partners to attend an information session to learn about the 2014 legislative and procedural changes to the EDIP that resulted from the signing of “An Act to Promote Economic Growth in the Commonwealth” August 2014.
Topics that will be covered in the session include:
- Brief Program Overview
- Changes to Economic Target Areas (ETAs) and Economic Opportunity Areas (EOAs): All 351 MA communities can now participate in the EDIP
- Streamlining of Municipal Process for Tax Increment Financing Agreements (TIFs) and Special Tax Assessments (STAs)
- New Tax Credit: The Job Creation Project Credit
- Certified Project Revocation: Process for communities to keep Local Incentive when state decertifies
- Q & A
If you wish to attend an information session, kindly RSVP to Eileen Rogan at email@example.com
Information Sessions Schedule:
|Wednesday, November 12, 2014||8:30 A.M. to 10:30 A.M.||495/MetroWest Partnership|
200 Friberg Parkway, Westborough, MA
|Thursday, November 13, 2014||2:00 P.M. to 4 P.M.||Quincy Center for Innovation|
180 Old Colony Avenue, Quincy, MA
|Tuesday, December 2, 2014||2:00 P.M. to 4 P.M.||Metro South Chamber of Commerce 60 School Street Brockton, MA|
Tuesday, January 13, 2015
8:30 A.M. to 10:30 A.M.
|Union Station, Union Hall|
Wednesday, January 14, 2015
10:00 A.M. to 12:00 P.M.
|North Shore Community College|
Health Professions & Student Services Building
One Ferncroft Road, Danvers, MA
Tuesday, January 20, 2015
9:00 AM to 10:45 A.M.
|North Central MA Chamber of Commerce|
860 South Street