Economic Development Incentive Program

The purpose of this State economic development program is to encourage job growth and private investment in areas identified by local communities and approved by the State. The program provides a process for negotiating various state and/or local tax incentives with qualifying businesses in exchange for job growth and private investment. This program can provide the following benefits to certified projects:

· Up to 10% Investment Tax Credit

· 10% Vacant Building Tax Deduction

· Local real property tax incentives

New EDIP Program Chart

For more information, contact Ann Dobrowolski at (413) 499-9371.