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, Governor Patrick and Secretary Bialecki, along with the Legislature, reformed the program 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, 222 projects have received approval, including 118 manufacturers and 102 projects in Gateway Cities leading to the forecasted:
- Creation of 16,112 new full-time jobs;
- Retention of 45,402 existing full-time jobs;
- Private investment of over $5.8 billion.
* Figures in this section have been updated as of 12/18/2014.
For examples of companies that have utilized the EDIP to expand their operations in Massachusetts, please visit our Massachusetts Means Business site. Additionally, for the most recent program annual report please see theEDIP CY 2012 Job Retention and Creation Report.