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