INCENTIVE DESCRIPTION

State:	MA
Incentive Type:	Special Purpose Zone Incentives and Credits
Incentive Title:	Enterprise Zone Credits
Description:	Economic Development Incentive Program: State and local tax incentive program to retain and attract new businesses to economic target areas. Within each target area, a municipality designates an Economic Opportunity Area(EOA). On the state level provides a 5% investment tax credit for tangible and depreciable assets and a 10% abandoned building tax deduction for the costs involved in the renovation. Eligible participants may also receive either a phased in special property tax assessment or participate in a TIF on the local level.
Eligibility Requirements:	A certified project is eligible to receive the credits. Must be located in an Economic Target Area. Local community approves the project.
Geographic Restrictions:	Limited to Economic Target Areas
Granting Authority:	MA Office of Business Development

The information which you have reviewed is a summary of the benefits and savings which may be available for your company. To receive a more detailed analysis of valuable opportunities for your company, please forward your contact information to Larry Kramer at lkramer@incentisgroup.com

Impotant Legal Information Information is provided in summary form and should not be considered legal, investing, or other business advice. Its receipt does not create a relationship between Incentis Group and recipient. All information is believed to be accurate at the time of printing but should not be relied upon, and no decisions should be made, without consulting the full text of the applicable statutes and seeking independent counsel. Incentis Group and FastFacility make no representation as to the eligibility of a company or person to receive any incentives.