Tax Credits to Massachusetts For-Profits to Promote Job Creation and Business Development
Economic Development Incentive Program (EDIP)
Massachusetts Office of Business Development (MOBD), Executive Office of Housing and Economic Development, and Economic Assistance Coordinating Council (EACC)
08/17/22 5:00 PM
Tax credits to Massachusetts businesses to promote job creation and spur economic development. Applicants must contact program staff and submit an LOI and a preliminary application prior to applying. Funding is intended to help businesses grow by offering credits to lower taxes in exchange for job creation.
A company that participates in EDIP may receive state tax credits and/or local property tax incentives in exchange for a commitment to new job creation, existing job retention, and private investment in the project. The main criteria that will be considered for funding are whether a project is unlikely to move forward without state and local government support.
GrantWatch ID#: 202685
Additional Eligibility Criteria:
Preliminary Application Due: July 13, 2022
Supplemental Application Due: August 17, 2022
EAC Meeting Date: September 22, 2022
Preliminary Application Due: October 5, 2022
Supplemental Application Due: November 2, 2022
EAC Meeting Date: December 8, 2022
Preliminary Application Due: January 25, 2023
Supplemental Application Due: February 22, 2023
EAC Meeting Date: March 23, 2023
Preliminary Application Due: April 19, 2023
Supplemental Application Due: May 17, 2023
EAC Meeting Date: June 15, 2023
If you own a company and are looking to grow your enterprise, contact a MOBD Regional Director to discuss your project. These directors can help with the required state and municipal processes to apply for EDIP. It is recommended that you involve a regional director early in the process as they can help to pre-qualify a project, determine whether EDIP tax credits or a different program may be more appropriate, improve your application, and set realistic expectations. Regional directors also know program deadlines and nuances, eligibility requirements, and a city or town’s historic use of EDIP.
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.
Before starting your grant application, please review the funding source’s website listed below for updates/changes/addendums/
The application must be returned in electronic form to your MOBD Regional Director
In addition, mail a hard copy with the original signature(s) to:
EDIP Manager, MOBD
136 Blackstone Street, 5th Floor
Boston, MA 02109
Regional Director Contact Information: https://www.mass.