(Photo from Joseph’s Gourmet Pasta Company in Haverhill)
The Economic Assistance Coordinating Council (EACC) approved eighteen projects for participation in the Economic Development Incentive Program (EDIP) at its quarterly meeting this week. These projects are expected to create 1,696 new jobs and retain 4,491 existing jobs, while leveraging over $342 million in private investment and supporting construction projects across Massachusetts.
Among the approved projects are seven manufacturing companies and eight projects located in Gateway Cities.
The EDIP program is considered one of Massachusetts’ most effective programs to help businesses grow, offering tax credits and other incentives to companies that make qualifying investments in new facilities and in creating new jobs.
Michael Hunter, Executive Director of Massachusetts Office of Business Development, says that “supporting companies that are choosing to grow in Massachusetts is one of the Administration’s key economic development objectives,” adding that such investments “make our communities strong in the long term.”
Below are the projects approved at the EACC meeting. Read a full description of each project here.
Manufacturing Retention Projects (MRP)
Golden Fleece Manufacturing Group LLC dba Southwick / Brooks Brothers Group, Inc. (Haverhill)
Joseph’s Gourmet Pasta Company (Haverhill)
Easypak, LLC (Leominster)
Hoff’s Kitchen Co. Inc. (Malden)
Expansion Projects (EP)
Archgrove Hospitality, Inc. (Amesbury)
LogMeIn, Inc. (Boston)
Hudson Lock (Hudson)
Potpourri Group, Inc. / PHI Acquisitions, Inc. (Littleton)
AMT BioProducts Corp (New Bedford)
Mohawk Fine Papers Inc. (South Hadley)
Job Creation Projects (JCP)
Wayfair, LLC (Boston)
SimpliVity Corporation (Westborough)
Local Incentive Only Projects -
(Note: the following projects applied to the EACC solely for approval of their local Tax Increment Financing or Special Tax Assessment Agreements and will not receive an EDIP Investment Tax Credit):
M.S. Walker, Inc. (Dedham)
GE Healthcare (Marlborough)
21 East Living LLC / Bourne Avenue Capital Partners (North Attleboro)
Martignetti Grocery Co., Inc. / Sixty Cross Street LLC / Martignetti Corp. (Taunton)
Fore more information about the EDIP and the Local Incentive Program, contact the MOBD regional representative in your area.