The Massachusetts Office of Business Development (MOBD) assists businesses relocating to Massachusetts as well as businesses wishing to expand their current operations, with specific attention being paid to jobs created, jobs retained, and capital invested. MOBD also administers tax incentive/credit programs and grant programs to assist businesses in the state.

Tax Incentive/Credit Programs

Massachusetts Economic Development Incentive Program (EDIP)

Massachusetts Vacant Storefronts Program

M3 Corridor Certified District(s): Downtown Lowell

Life Sciences Tax Incentive Program

Massachusetts Life Sciences Center provides tax incentives to Massachusetts-based companies engaged in life sciences research and development, commercialization and manufacturing.

3% Manufacturers Investment Tax Credit

A company is eligible to claim a 3% ITC on depreciable assets as a DOR registered manufacturer.

10% Research & Development Tax Credit

Massachusetts has a 10% R&D Tax Credit, and the % can increase with collaboration with a local college or university. In Massachusetts, any costs which would qualify for the Federal R&D tax credit are eligible for a 10% R&D Tax Credit.

Sales and Use Tax Exemption

Materials, tools, fuel, machinery and replacement parts used in manufacturing and research and development may qualify for exemption from sales and use taxes.

Single Sales Tax Treatment

The single sales factor apportionment is the ratio of Massachusetts sales to overall sales.