Economic Development Industrial Corporations (EDIC)

EDIC creation is authorized by a state statute which allows cities and towns identified as labor surplus areas by the U.S. Deptartment of Labor

EDIC creation is authorized by a state statute which allows towns or cities to identified as labor surplus areas by the US Department of Labor to establish Economic Development Industrial Corporations to implement local economic development projects in accordance with local approved economic development plans.

Projects must involve industrial and manufacturing uses and are designed to lower the unemployment rate and eliminate substandard, or open areas. The DCS provides assistance to cities and towns in establishing EDICs to undertake redevelopment projects, as well as ongoing technical assistance.

Eligible Applicants: Any towns designated by the U.S. Department of Labor as a labor surplus area due to high unemployment is eligible to establish an EDIC under MGL Chapter 121C.

Eligible Activities

In accordance with an economic development plan an EDIC may implement economic development projects designed to decrease the unemployment rate and eliminate decadent and blighted open areas existing in a city or town.

Selection Criteria

In order to establish an EDIC, a town must first determine that the need for an EDIC exists. In towns this requires a vote by town meeting and in cities a vote by the city council and approval by the mayor or city manager. Under M.G.L. Chapter 121C, towns must receive certification from the Executive Office of Housing and Livable Communities (EOHLC) for the establishment of EDICs. Cities are not required to receive certification from EOHLC.

How to Apply

Please refer to the DHCD publication EDIC Implementation Guide 2022

Additional Program Information

Organizer for Economic Development 2022

Matrix of Organizational Characteristics

USDL Labor Surplus Areas

Massachusetts Office of Business Development

Executive Office of Energy and Environmental Affairs

Massachusetts Department of Environmental Protection

Massachusetts Environmental Policy Act Office (MEPA)

Massachusetts Historical Commission

Executive Office of Economic Development Economic Development Incentive Program (EDIP)

MassDevelopment

MassHousing

Massachusetts Housing Partnership

MassWorks Infrastructure Program

Associated Industries of Massachusetts

State-Subsidized Environmental Insurance

U.S. Army Corps of Engineers

U.S. Department of Housing and Urban Development