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. In 2009 the program was reformed and as a result, the EDIP has become one of the most effective programs helping businesses grow in Massachusetts.
Since the EDIP reforms became effective in January 2010, 251 projects have received approval, including 134 manufacturers and 109 projects in Gateway Cities leading to the forecasted:
- Creation of 17,716 new full-time jobs;
- Retention of 47,883 existing full-time jobs;
- Private investment of over $6.2 billion.
* Figures in this section have been updated as of 6/23/2015.
For the most recent program annual report please see the
Past Reports Job Retention and Creation Reports:
EDIP CY 2012 Job Retention and Creation Report.