Apply for the Economic Development Incentive Program

Do you own a company and wish to enjoy tax cuts and help out your local economy? If so, come apply for the Economic Development Incentive Program today.

*Contact your MOBD Regional Director to discuss your project and to help with the required state and municipal processes.

To apply for the EDIP’s investment tax credit, you must submit:

  1. Letter of Intent: You must submit a letter of intent to the municipality of interest and the municipality's MOBD Regional Director. You should send the letter of intent at the earliest possible date.
  2. Preliminary Application (Round 1): To apply to the EDIP you must submit a preliminary application by the posted deadline to be considered at the corresponding EACC meeting. MOBD will review the application and ensure that the applicant meets the eligibility requirements of the EDIP.
  3. Supplemental Application (Round 2): Qualified applicants may receive a Supplemental Application for consideration by the EACC. Sample documents are below and are for informational purposes only. If you receive a Supplemental Application you must submit it by the posted deadline for consideration at the corresponding EACC meeting.

To apply for a Local Incentive Only, you must submit:

  1. Letter of Intent: You must submit a letter of intent to the municipality of interest and the municipality's MOBD Regional Director. You should send the letter of intent at the earliest possible date.
  2. Local Incentive Only Application: If you are working with a municipality to execute a Tax Increment Financing (TIF) Agreement or Special Tax Assessment (STA), and are not applying for the EDIP Credit, you must submit a Local Incentive Only Application to the EACC by the posted deadline for consideration at the corresponding meeting date.

All application material is due to your Regional Director by 5pm on the date indicated below. Local Only Applications are due the same day as Supplemental Applications.

EACC Meeting Date Meeting Location Preliminary Application Due Date Supplemental Application Due Date
December 11, 2019

Worcester City Hall

October 9, 2019 November 6, 2019
March 19, 2020 Worcester City Hall January 22, 2020 February 18, 2020
June 18, 2020 Worcester City Hall April 15, 2020

May 20, 2020

September 17, 2020 TBD

July 15, 2020

August 19, 2020

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