As of January 1, 2010, the Economic Assistance Coordinating Council (EACC) may certify three categories of project for expanding companies that generate substantial sales outside of Massachusetts and are seeking the EDIP Investment Tax Credit (ITC). In consultation with MOBD, the EACC will determine a project's appropriate category.
- Certified Expansion Project: A full-time job creation and investment project within an Economic Target Area, which includes a local tax exemption and approval by the municipality.
- Enhanced Expansion Project: A project with exceptional employment growth of at least 100 new full-time jobs, anywhere in Massachusetts.
- Manufacturing Retention Project: A project within a Gateway Municipality that either retains at least 50 full-time manufacturing jobs and / or creates at least 25 new full-time manufacturing jobs.
The EACC will also consider municipally approved projects that seek only local tax benefits. These projects do not have to meet the substantial sales outside of Massachusetts threshold.
Program Summary Table
Please review this updated table for incentive information.
Provides information about the new program and process in addition to 402 CMR 2.00
For technical legislative information please reference TIR 10-1: Economic Development Incentive Program Credit
For tax laws pertaining to the program please reference TIR 10-15: Certain Local Property Tax, Personal Income Tax, Corporate Excise, and Tax Administration Changes in "An Act Relative to Economic Development Reorganization"
EDIP Location Analysis
Shows communities of special focus for the EDIP-ITC.
Statutory and Regulatory References
Provides important information for applicants.