Jack’s Abby Brewing is expanding in downtown Framingham
Massachusetts’ Economic Assistance Coordinating Council (EACC) recently approved 16 projects for participation in the Economic Development Incentive Program (EDIP). These projects are expected to create 606 new jobs and retain 879 jobs throughout Massachusetts, while leveraging approximately $197.8 million in private investment.
Among the approved projects are eight manufacturing companies and two projects located in Gateway Cities. The EACC also approved seven locally-directed economic development projects, showcasing municipalities’ efforts to control their own economic growth.
Jay Ash, Secretary of Housing and Economic Development, said the projects in the EDIP program “help build a framework for future growth and development across the Commonwealth. Effective, targeted investments cultivate local companies, create new jobs for our residents, and grow our economy.”
Nam Pham, Assistant Secretary for Business Development, said, “Massachusetts is committed to supporting entrepreneurs and expanding businesses. These incentives are an investment in job opportunities for our residents, and long-term sustainable growth in our future.”
Expansion Projects (EP)
Jack’s Abby Brewing LLC (Framingham)
Advanced Cable Ties, Inc. (Gardner)
New England Peptide, Inc. (Gardner)
Markley Boston LLC and Markley Management, Inc. (Lowell)
Future Foam, Inc. (Mansfield)
D.C. Bates Equipment Co. Inc. (Mendon)
Consigli Construction Co. Inc. (Milford)
1A Auto Inc. (Pepperell)
Capstan Atlantic (Wrentham)
Local Incentive Only Projects
New England Natural Bakers, Inc. (Deerfield)
Elm Development LLC (Dracut)
H-Donuts Dracut, Inc. d/b/a Heav’nly Donuts (Dracut)
Globe Composite Solutions, Ltd. (East Bridgewater)
Berkshire Innovation Center (Pittsfield)
Lamson and Goodnow, LLC (Westfield)
Brandywine Farms, Inc. (Winchendon)
Art Robert, Director of Economic Development for the Town of Framingham, said, “The Jack’s Abby expansion does more than drive more manufacturing into our Downtown. The company’s long-term commitment returns an idle manufacturing building to productive use and boosts Downtown’s attractiveness to visitors and investors.”
In partnership with local towns and cities, the EDIP is the Commonwealth’s investment tax credit program for businesses, and is one of the most effective tools in helping businesses grow in Massachusetts. EDIP tax credits and other incentives are available to companies that make qualifying investments in new facilities and create new jobs.
The EACC has approved 29 economic development projects since January, 2015. These projects will create 1604 jobs, retain 2481 existing jobs, and leverage $375.8 million in private investment. The EACC has assisted 16 manufacturing projects, and 10 projects in Gateway Cities this year. The EACC meets on a quarterly basis to review applications.
Learn more about the Economic Development Incentive Program (EDIP).