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Massachusetts Economic Development Directory


MA Statewide Economic Development Agencies

Massachusetts Alliance for Economic Development
Susan Houston
Executive Director
892 Worcester Street
Wellesley, MA USA 02482
781-489-6262 11
admin@massecon.com
www.massecon.com
Massachusetts Business Resource Team
Partick Cloney
Executive Director
One Ashburton Place, Suite 2101
Boston, MA USA 02108
617-788-3610
andre.porter@state.ma.us
www.mass.gov/bizteam
Massachusetts Office of International Trade and Investment
Christa Bleyleben
Executive Director
State Transportation Building, 10 Park Plaza, Suite 4510
Boston, MA USA 02116
617-973-8650
christa.bleyleben@state.ma.us
www.mass.gov/moiti
MassDevelopment
Robert L. Culver
President & CEO
160 Federal Street, 7th Floor
Boston, MA USA 02110
800-445-8030
rculver@massdevelopment.com
www.massdevelopment.com

MA Utilities

National Grid
25 Research Drive
Westborough, MA USA 01582
508-389-2000
www.nationalgridus.com

Would you like to advertise here? call 732-559-1265 or email Jim Semple at jsemple@groupc.com

MA Regional Economic Development Agencies

Berkshire Regional Planning Commission
Nathaniel Karns
Executive Director
1 Fenn Street, Suite 201
Pittsfield, MA USA 01201-6629
413-442-1521 26
nkarns@berkshireplanning.org
www.berkshireplanning.org
Economic Development Council of Western Massachusetts
Michael Graney
Senior Vice President of Business Development
1441 Main Street
Springfield, MA USA 01103
413-755-1300
mgraney@westernmassedc.com
www.westernmassedc.com
Merrimack Valley Chamber of Commerce
Joseph Bevilacqua
President & CEO
264 Essex Street
Lawrence, MA USA 01840
978-686-0900
jjb@merrimackvalleychamber.com
www.merrimackvalleymeansbusiness.com; www.merrimackvalleychamber.com
Metropolitan Area Planning Council
Marc Draisen
Executive Director
60 Temple Place, 6th Floor
Boston, MA USA 02111
617-451-2770 5005
mdraisen@mapc.org
www.mapc.org
Team New England
David C. Driver
Managing Director, Regional Development
107 Selden Street
Berlin, CT USA 06037
860-665-6312
drivedc@nu.com
www.teamnewengland.com
Worcester Regional Chamber of Commerce
Michael Lanava
Business Resource Manager
339 Main Street
Worcester, MA USA 01608
508-753-2924 2
mlanava@worcesterchamber.org
www.worcesterchamber.org

MA County Economic Development Agencies

Would you like to advertise here? call 732-559-1265 or email Jim Semple at jsemple@groupc.com

MA City Economic Development Agencies

Cambridge Department of Community Development
Estella Johnson
Director of Economic Development
344 Broadway
Cambridge, MA USA 02139
617-349-4616
estellaj@cambridgema.gov
www.cambridgema.gov
City of Lowell
Theresa Park
Director of Economic Development
Planning & Development, JFK Civic Center, 50 Arcand Drive, 2nd Floor
Lowell, MA USA 01852-1025
978-446-7200
tpark@lowellma.gov
www.lowellma.gov
City of Worcester Business Assistance Division
Paul Morano
Director of Business Assistance
44 Front Street, Suite 530
Worcester, MA USA 01608
508-799-1400 264
moranop@ci.worcester.ma.us
www.worcestermass.org
Initiative for a Competitive Inner City
Deirdre M. Coyle, Jr.
Senior Vice President/Director of Communications
727 Atlantic Avenue, Suite 600
Boston, MA USA 02111-2874
617-292-2363 242
dcoyle@icic.org
www.icic.org
Pittsfield Economic Development Authority
Tom Hickey Jr.
Executive Director
81 Kellogg Street
Pittsfield, MA USA 01201
413-494-7332
thickey@peda.cc
www.peda.cc
Springfield Office of Economic Development
John Judge
Chief Development Officer
70 Tapley Street
Springfield, MA USA 01103
413-787-6525
jjudge@springfieldcityhall.com
www.springfieldcityhall.com

Massachusetts State Incentives

ECONOMIC DEVELOPMENT INCENTIVE PROGRAM (EDIP): Participating companies may receive state and local tax incentives in exchange for job creation, manufacturing job retention and private investment commitments. It offers incentives in several ways:

  • In municipalities that are Economic Target Areas, expansions can be assisted with locally‐approved TIF agreements which are exemptions on the value added to a property in the expansion and a state‐approved 3‐5 percent Investment Tax Credit,
  • For projects that result in 100 or more new jobs (Enhanced Expansion Projects), companies can be approved by the state for the Investment Tax Credits of up to 10 percent, without the need for any local approvals,
  • For projects in select “Gateway Communities” that create 100+ jobs, companies can pursue both a local TIF agreement and state‐approved Investment Tax Credits of up to 10 percent. Manufacturing Retention projects can receive up to a 40 percent.

INVESTMENT TAX CREDIT (ITC): Offers a 3 percent credit for qualifying businesses against their Massachusetts corporate excise tax. The credit is to be used for the purchase and lease of qualified tangible property used in the course of doing business. The ITC can reduce the cost of expansion, includes a carry forward provision and is considered a permanent incentive.

R&D TAX CREDIT: A tax incentive for research and development investment for both manufacturers and R&D companies. It was designed to remove any obstacles to R&D investment and spur growth and innovation throughout the Commonwealth. The R&D tax credit closely resembles the federal credit program, however, it specifically offers qualifying Massachusetts companies many unique features for doing business in Massachusetts. It is available to any foreign or domestic corporation subject to the corporate excise under Chapter 63 Massachusetts Law

SINGLE SALES FACTOR: Tax apportionment that significantly reduces the tax burden for manufacturers and other qualifying companies and may apply to the following types of companies that have multi-state tax filings:

  • Manufacturing companies
  • Qualifying defense contractors
  • Qualifying financial service providers

TAX INCREMENT FINANCING: Allows municipalities to provide flexible targeted incentives to stimulate job-creating development

  • Negotiated Agreement between business and host municipality;
  • 5 year minimum, 20 year maximum or anything in between;
  • Business pays full tax rate on the “base value”;
  • Exemption from property taxation on all or part of the increased value accrued as a result of development
  • Percentage of exemption may range from 5% to 100%;
  • Personal property tax exemption for both existing and new property;
  • M.G.L. 40 § 59 governs all TIF Agreements.

BROWNFIELDS REDEVELOPMENT FUND: Created in 1998 to encourage the reuse of Brownfields in Economically Distressed Areas (EDAs) throughout MA. Brownfields are vacant, abandoned or underutilized industrial or commercial properties where expansion, redevelopment or improvement is complicated by real or perceived environmental contamination and liability. MassDevelopment administers the Brownfields Redevelopment Fund programs.

  • The Brownfields Site Assessment Program – Provides unsecured, interest free financing up to $100,000 for environmental assessment of Brownfields.
  • The Brownfields Remediation Loan Program – Provides flexible loans up to $500,000 for environmental clean-up of Brownfields.

WORKFORCE TRAINING FUND (WTF): Provides grants up to $100,000 to upgrade skills of new or incumbent workers. The Hiring Incentive Training Grant provides up to $2,000 in training funds for hiring eligible unemployed workers.

GREEN LOAN PROGRAM: Bridges the gap between energy efficiency project costs and the rebates or subsidies provided by utility companies and state/federal incentive programs. To be eligible, an organization must be a non-profit or for-profit business in Massachusetts that has been in existence for at least five years and demonstrates an ability to repay the loan.

Loans are available in the amounts of $50,000 to $500,000 and are net of project-related rebates or subsidies.

Loans may only be made for projects that receive approval for a utility rebate under a public utility sponsored energy efficient program authorized by the Massachusetts Department of Public Utilities or approval for a subsidy from a state/federal energy efficiency incentive. Funds may be used for:

  • HVAC replacements or improvements
  • Windows, insulation, and other building improvements
  • Lighting
  • Energy control systems
  • Chillers and Boilers
  • Hot water heaters
  • Photovoltaic panels

EMERGING TECHNOLOGY FUND (ETF): Targets technology companies that are starting up or expanding manufacturing in Massachusetts by providing financing for manufacturing facilities and equipment. It offers loans or loan participations up to $2,500,000 and loan guarantees up to $1,000,000. Companies that receive ETF financing must have strong management teams, demonstrated technical feasibility, market demand for their products and a proven fundraising record. To qualify for ETF financing:

  • Borrower must be a technology company starting or expanding manufacturing operations in Massachusetts
  • Financing must be for the purchase, expansion or improvement of real estate, and/or the purchase of equipment
  • There must be at least two other parties at risk
  • Financial investment must benefit the Massachusetts economy

COMMUNITY SERVICE 501(C)(3) LOAN FUND: Flexible financing for capital improvements for community-based nonprofit organizations such as elder care centers, daycare facilities, community centers and girls’ and boys’ clubs. The fund will provide loans ranging from $100,000 up to $500,000. Eligible applicants must be registered as a Massachusetts-based 501(c)(3) organization; have an operating budget of less than $5 million for each of the last five years; provide social, youth or family services; primarily work in underserved or disadvantaged communities; and, be ineligible for financing under existing loan programs.

MA CULTURAL FACILITIES FUND (CFF): An initiative of the Commonwealth to increase public and private investment in cultural facilities throughout the state. The Program is administered jointly with the Massachusetts Cultural Council and three types of grant programs are available:

  1. Capital Grants for expenses related to acquisition, design, construction, repair, renovation and rehabilitation of other capital improvements or deferred maintenance of a cultural facility
  2. Feasibility and Technical Assistance Grants for expenses related to planning and feasibility assessment for a cultural facility
  3. Systems Replacement Grants for expenses to undertake the production of 20-year capital needs assessments of their buildings and mechanical systems

All Fund grants must be matched by contributions from the private or public sector and are available to:

  • Nonprofit 501(c) 3 organizations primarily engaged in the arts, humanities or interpretive sciences. Eligible facilities include, but are not limited to, museums, historic sites, zoos, aquariums, theaters, concert halls, exhibition spaces, classrooms and auditoriums, and must be owned, leased or used by one or more nonprofit cultural organizations and accessible to the public
  • Public/private institutions of higher education that own cultural facilities providing service and open access to the community and the general public beyond their educational mission and demonstrate financial need
  • Municipalities that own cultural facilities provided that the cultural facility is at least 50,000 square feet, and 50 percent devoted to cultural purposes

SMALL FARM LOAN PROGRAM: To help small farmers in Massachusetts finance projects that improve their operations and increase their income, MassDevelopment, The Strolling of the Heifers, Inc. and The Carrot Project have teamed together to offer a small farm loan program that provides loans ranging from $3,000 to $35,000. Eligible farmers will own or lease farms in Massachusetts.

TECH DOLLARS: MassDevelopment offers a special loan program to help non-profit 501(c) 3 organizations purchase and install technology equipment. TechDollars provides loans from $25,000 to $250,000 and 100 percent of cost of purchase of new or used telecommunications and IT equipment and installation costs

To be eligible, the borrower must be a Massachusetts 501(c) 3 organization and equipment purchased must be installed in facilities located in the state.

LIFE SCIENCE INCENTIVES

  • COOPERATIVE RESEARCH GRANT: Supports industry‐sponsored research at universities and facilitates scientific discoveries that lead to medical applications with grants of $250,000 per year for up to three years, in a 1:1 match with its industry partner.
  • NEW FACULTY STARTUP GRANT: Targets investments to attract and retain nationally prominent faculty at Massachusetts’ colleges and universities with grants of $250,000 per year for up to three years, in a 1:1 match with the academic institution.
  • NEW INVESTIGATOR GRANT: Spurring innovative new research and advancing the careers of new investigators who are working on cutting‐edge research at Massachusetts academic research centers with grants of $100,000 per year for up to three years.
  • LIFE SCIENCES ACCELERATOR: Financing, up to $750,000, for early‐stage companies to help leverage additional sources of capital.
  • SMALL BUSINESS MATCHING GRANT (SMBG) - Provides “matching” support—capped at $500,000 per company—to Phase II or Post Phase II SBIR or STTR grants already received by applicant companies.
  • LIFE SCIENCES TAX INCENTIVE PROGRAM: Companies that are growing jobs, investments and revenue are prospects for the nine distinct tax incentives of the LSI. To receive benefits, companies must apply to the MLSC to become a Certified Life Science Company. The incentives include:

o Refundable 10% Investment Tax Credit
o Refundable FDA User fee Credit
o Refundable Research Tax Credit
o Elimination of Sales Factor Throwback
o Deduction for Orphan Drug Clinical Testing
o Special Sales Tax Exemption
o Life Sciences Research Credit
o Construction Sales Tax Exemption


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