BAKER-POLITO ADMINISTRATION ANNOUNCES ECONOMIC DEVELOPMENT INCENTIVES FOR 9 PROJECTS

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Photo: Stone Path Malt in Wareham imports and manufactures specialty malt for the craft brewery industry.

The Commonwealth’s Economic Assistance Coordinating Council (EACC) approved 9 projects to participate in the Economic Development Incentive Program (EDIP) at its quarterly meeting in Worcester on December 13, 2017.

These projects are expected to create 449 net new jobs and retain 187 jobs throughout Massachusetts, while leveraging approximately $180 million in private investment. EDIP provides businesses with resources to expand or relocate in Massachusetts and create new job opportunities for Massachusetts residents.

Download list of companies here:. EDIP_9 Companies_December 13, 2017

Governor Charlie Baker said the Baker-Polito Administration is “committed to growing our nation-leading economy, building our workforce and equipping our residents with the skills they need to connect with career pathways. The projects supported by the Economic Development Incentive Program and companies associated with them create the conditions for strong, regional economic growth.”

Lt. Governor Karyn Polito described EDIP as “one element of our robust set of tools for businesses, cities and towns to leverage existing assets, foster economic development opportunities and create the conditions for long-term success. I want to congratulate the nine companies that will receive state or local incentives to build their business, grow jobs and expand their presence here in Massachusetts.”

Housing and Economic Development Secretary Jay Ash said, “Coordinated and targeted investments in infrastructure, workforce development and innovation that leverage private investment ensure that the Commonwealth will continue to attract new companies and high-skill workers.”

Assistant Secretary of Business Development & International Trade Nam Pham said, “Helping local companies succeed pays dividends to Massachusetts’ economic well-being. By expanding operations and adding jobs, these nine companies fuel economic growth and create regional opportunities across the Commonwealth.”

The EACC has approved 173 economic development projects since the beginning of the Baker-Polito Administration in January 2015. These projects will lead to the creation of 9,452 jobs, retention of 31,308 existing jobs, and will leverage almost $3.5 billion in private investment. Additionally, the EACC has assisted 76 manufacturing companies and 78 companies in Gateway Cities during this period.

Apply to EDIP here.