INCENTIVE DESCRIPTION

State: MA
Incentive Type: Cash Grants and Financing Incentives
Incentive Title: Direct Loans
Description: 1. Emerging Technology Fund: Supports innovation and growth by providing loans and guarantees for technology-based manufacturing facilities and equipment. 2. TechDollars: Access to 100% financing at below-prime rates for technology equipment purchases and installation by nonprofit organizations. 3. Seafood Loans: Provides fixed asset financing for the purchase of land, buildings and equipment and for the construction or renovation of seafood-related facilities. Also for facility expansions. 4. Predevelopment Assistance: Supports early-stage economic development projects. Funds range between $5,000 and $25,000. 5. Economic Stabilization Trust: Quasi-public loan fund that lends "high risk" working capital to established small and medium sized manufacturing and other value-added businesses. Loans limited to $7,500/job. 6. Loans: Provides borrowers with access to up to $3 million for facility acquisition, renovation, construction and permanent financing, as well as smaller amounts for new equipment.
Eligibility Requirements: 1. For technology based companies. 2. Must have annual revenues of $5 million or less. 3. For seafood related companies. 4. Applicants must be able to provide a dollar-for-dollar match. 5. For manufacturing or other value-added businesses with at least 12 employees.
Geographic Restrictions: Statewide
Granting Authority: 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.