MA Economic Development Incentive Program

The purpose of this State economic development program is to encourage job growth and private investment in areas identified by local communities and approved by the State. The program provides a process for negotiating various tax incentives with qualifying business in approved Economic Opportunity Areas in exchange for job growth and private investment that generate sales outside of Massachusetts. The benefits to certified projects can include a negotiated investment tax credit, a vacant building tax deduction and a local real property tax incentive.