Massachusetts Economic Development Incentive Program – Participating companies may apply for state and local tax incentives in exchange for full time job creation, job retention and private investment commitments. Companies can also request local Tax Increment Financing (TIF) agreements with specific municipalities.
The MassHire Department of Career Services (MDCS) oversees a number of labor and workforce development programs including the Work Opportunity Tax Credit (WOTC) program. WOTC is a federal income tax credit incentive provided to private sector employers. An employer may be eligible for WOTC when they hire and retain Veterans and individuals from other target groups with significant barriers to employment. The WOTC tax credit is a one-time tax credit for each new hire, and there is no limit to the number of new hires who can qualify an employer for a tax credit.
If you are not sure where to begin, schedule a meeting and Middlesex 3 will help connect you to the right resources.