Resources for Manufacturers
If you are looking for assistance with business development, site selection or tax incentives, you can contact the Massachusetts Office of Business Development.
- The Economic Development Incentive Program (EDIP) is designed to provide tax incentives to companies in exchange for job creation, manufacturing job retention and private investment commitments.
If you are looking for real estate and business finance assistance, you can contact MassDevelopment.
- The Working Capital Loan Guaranty Program for Manufacturers allows banks to make larger working capital loans to manufacturing companies than they would normally make under their existing advance rates.
If you are looking for workforce training assistance, you can contact Commonwealth Corporation.
- The Workforce Training Fund Program provides Massachusetts businesses with the resources needed to invest in workforce development, improve employee skills, and maintain the economic strength and viability of Massachusetts businesses. (Grants include: General Program, Express, Technical Assistance Grants, and Hiring Incentive Training Grants)
If you are looking for assistance with strategies to become a Next Generation Manufacturer, including systemic continuous improvement, workforce strategies, sustainability, technology acceleration or global supply chain, you can contact Massachusetts Manufacturing Extension Partnership (MassMEP).
- MassMEP received $2 million in FY2014 to support general services to small and medium-sized manufacturers.
If you are looking for assistance with exporting your products overseas, you can contact the Massachusetts Export Center.
If you are looking for support to hire an intern, you can contact one of these programs: Massachusetts Technology Collaborative, Massachusetts Life Sciences Center and Massachusetts Clean Energy Center.
Initiatives to Support the Manufacturing Industry in Massachusetts
In FY2013, the Advanced Manufacturing Collaborative was created in statute (Chapter 238 of the Session Laws of 2012) and housed in the Executive Office of Housing and Economic Development. The same statute created the Advanced Manufacturing Futures Fund, to be administered by MassDevelopment.
In July 2013, The Executive Office of Labor and Workforce Development and the Commonwealth Corporation announced over $1.4 million in grants to support new regional partnerships to meet the workforce needs of manufacturers in four regions of the state. The grants followed a $5 million recapitalization of the Workforce Competitiveness Trust Fund, administered by Commonwealth Corporation.
In FY2014 the Advanced Manufacturing Futures Fund received an appropriation of $18.75 million to support the state’s advanced manufacturing agenda.
The Executive Office of Housing & Economic Development received $2.1 million to support regional pilot programs training unemployed and underemployed persons to be employed in the state’s precision manufacturing industry.
The Advanced Manufacturing Regional Partnership Academy was launched to support workforce training partnerships across the state, with its first session held October 21, 2013. The second session was held January 24, 2014 at UMass Amherst, and the third scheduled for April 17, 2014 at Worcester Technical High School.
The state’s community colleges are working on a pilot project to provide online learning and training resources to support training for manufacturing.