Massachusetts Economic Assistance Coordinating Council Awards $3 Million in Tax Credits to Businesses to Create, Retain Jobs

Massachusetts Economic Assistance Coordinating Council Awards $3 Million in Tax Credits to Businesses to Create, Retain Jobs

Projects Will Create 220 New Jobs, Retain 170 Existing Jobs, and Spur over $36 Million in Private Investment 

BOSTON — The Massachusetts Economic Assistance Coordinating Council (EACC) approved eight projects for participation in the Economic Development Incentive Program (EDIP), a program administered by the Massachusetts Office of Business Development that seeks to create new jobs and help businesses grow by offering credits to lower taxes in exchange for job creation commitments. These projects are expected to create 220 net new jobs, retain 170 existing jobs statewide, and leverage more than $36 million in private investment in exchange for $2.98 million in state tax credits.   

This is the third round of awards since the Healey-Driscoll announced reforms to EDIP in April. Initiated by the Mass Leads Act, the new EDIP increases flexibility, transparency, and access for businesses, strengthening Massachusetts’ position as a top business environment.   

“Massachusetts’ competitiveness depends on our ability to support businesses that are investing, innovating, and creating jobs here,” said Governor Maura Healey. “Through Mass Leads, we modernized the Economic Development Incentive Program to be more flexible and transparent, helping companies grow in key industries and strengthening our economy in every region of the state.”  

“These EDIP awards are about backing businesses that are putting down roots, expanding their operations, and hiring locally,” said Lt. Governor Kim Driscoll. “From Gateway Cities to rural communities, these projects will help drive economic growth, modernize facilities, and create jobs across Massachusetts.” 

“EDIP is one of the Commonwealth’s most effective tools for turning private investment into real economic impact,” said Secretary of Economic Development Eric Paley. “This round of awards reflects the diversity and strength of Massachusetts’ economy, particularly in manufacturing and innovation, and underscores our commitment to supporting companies that want to grow and create jobs here.” 

“EDIP is designed to make Massachusetts a more competitive, more accessible place to do business,” said Undersecretary of Business Strategies Zenobia Moochhala. “These projects show how strategic, performance-based incentives can help companies move forward with investments that create jobs, strengthen local economies, and deliver real returns for communities across the state.” 

EDIP is designed to foster job creation and stimulate business growth. A company that participates in EDIP may receive state tax credits in exchange for a commitment to create new jobs, retain existing jobs, and commit private investment to the project. Six of this round’s applicants are manufacturers and two are projects located in Gateway Cities. The EDIP certified projects include:  

Stillman Quality Meats LLC - Hardwick 
This woman-owned, diversified livestock farm and butchery is establishing a USDA-certified value-added meat processing and co-packing plant to serve local businesses. The company will invest $2,946,426 in the project and create 25 jobs in Massachusetts. The EACC has approved $375,000 in EDIP tax credits. 

Photonis USA NV Inc. – Sturbridge 
A manufacturer of electro-optical technologies developing a night vision manufacturing facility, the company will invest $12 million in the project and create 25 jobs in Massachusetts. The EACC has approved $1,020,000 in EDIP tax credits. 

Fameccanica North America Inc. – Middleton 
Fameccanica is an Italian robotics manufacturer with a location in Ohio looking to establish an advanced robotics R&D lab in Middleton. The company will invest $1 million in the project and create 68 jobs in Massachusetts. The EACC has approved $375,000 in EDIP tax credits. 

Epic Polymer Solutions LLC – Grafton 
This manufacturer of monofilament and coated wire is expanding to three shifts to meet increased workload. The company will invest $7,557,642 in the project and create five jobs in Massachusetts. The EACC has approved $75,000 in EDIP tax credits. 

Yankee Trader Seafood Ltd – Hingham 
Yankee Trader Seafood is a women-owned seafood manufacturer and distributor seeking to purchase a building to expand seafood manufacturing and develop cold storage space in Hingham. The company will invest $7.4 million in the project and create 33 jobs in Massachusetts. The EACC has approved $495,000 in EDIP tax credits. 

Omni Control Technology – Northbridge 
This contract manufacturer is expanding to meet the manufacturing needs of other businesses including Amazon Robotics and Massachusetts based companies. The company will invest $2.4 million in the project and create 52 jobs in Massachusetts. The EACC has approved $520,000 in EDIP tax credits. 

Jaz Brush USA Inc. – New Bedford 
Jaz Brush USA is a wholesale distributor of wire brushes and abrasive products that is seeking to expand its warehouse and office space. The company will invest $2,495,000 in the project and create six jobs in Massachusetts. The EACC has approved $60,000 in EDIP tax credits. 

Quality Design Cabinet LLC – Fall River 
Quality Design Cabinet is establishing a cabinetry showroom and design center and moving the headquarters of its construction management company to Massachusetts from Rhode Island. The company will invest $1,022,780 in the project and create six jobs in Massachusetts. The EACC has approved $60,000 in EDIP tax credits.