Massachusetts Economic Development Incentive Program (EDIP)
About the Program
The Economic Development Incentive Program (EDIP) is designed to foster the creation of quality full-time jobs in every corner of the Commonwealth by responsibly awarding attractive tax credits to businesses committed to starting and growing in Massachusetts. The program awards projects that leverage private investment to create jobs and generate new economic activity across the state. Approved projects typically receive an award aligned with their job creation commitment and other factors.
About the Tax Credit
Average awards are typically between $10,000 and $15,000 per job but may vary based on other considerations such as:
- Whether the project is located in a Gateway City, a rural or small town, or an area of economic need.
- Whether the project is in a high-priority sector, such as technology, artificial intelligence, climate technology, advanced manufacturing, medical or robotics industries.
- The wages of jobs created and benefits offered by the project.
- Whether the applicant is an emerging company with high-growth potential for significant and rapid job creation.
- Whether the project would establish primary business operations, including executive management and support staff, in Massachusetts and create a significant number of new jobs in a short period of time.
- Other competitive circumstances such as the project having regional or statewide significance or benefiting the state at large.
A business awarded EDIP tax credits will first receive non-refundable tax credits that reduce up to 100% of their anticipated tax liability, if any exists. A business may receive refundable tax credits if an award exceeds its anticipated tax liability or if it has no tax liability.
How to Apply
Before applying for the EDIP’s investment tax credit, you should:
- Review the Request for Proposals: Please review the EDIP Request for Proposals in detail prior to applying to the program.
- Connect with MOBD Staff: Email Geoff Kravitz, Senior Director of Business Incentive Programs, at Geoffrey.Kravitz@mass.gov with any questions. Program staff will loop in Massachusetts Office of Business Development (MOBD) regional directors to help determine if EDIP is an appropriate resource and assist with the application process.
- Register with the Business Front Door: Apply to EDIP through the Business Front Door, the state’s business portal for connecting businesses with a single point of contact to help address their business resource needs. Check out the Business Front Door. To access the EDIP application, follow these steps:
Please see the EDIP RFP for additional program and application details.
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