Consultants Forum    |   FacilityLocations    |   FastFacility    |   Advertise    |   Subscribe    |   Newsletter    |   RSSRSS
Massachusetts Resources Page
Inward Investment Guides

Massachusetts Direct Financial Incentives 2014

Area Development Online Research Desk (Q1 2014)
Massachusetts's economic development, finance and tax organizations provide a range of incentive programs to initiate new business and commercial investment. More

Sustainability: The “Invisible Hand” Shapes Next-Generation Location Selection

Don Schjeldahl, Founder, Don Schjeldahl Group (Q1 2014)
Companies that view their location strategies through a “sustainability filter” are more likely to achieve competitive advantage and long-term stakeholder value. More

Regional Report: Incentives Attracting Firms to the New England States

Karen Thuermer (Directory 2014)
Some new and creative incentive programs are being provided in the Mid-Atlantic States to help drive the region’s high-tech and other industries. More

Criteria for Selecting a High-Tech Cluster

Amber Schiada, Research Manager, Markets, Jones Lang LaSalle (Q4 / Fall 2013)
Companies locating in “tech-friendly” communities can find the foundation for their success, while also helping the local economy to grow — a win-win situation all around. More

Market Report: Advances in Biotech Help Life Sciences to Thrive

Beth Mattson-Teig (Q4 / Fall 2013)
Biotechnology is driving growth in the life sciences sector, which has faced numerous challenges, particularly in the pharmaceuticals industry. More

Leading Locations for 2013: The New England MSAs

Area Development Magazine Special Presentation (July 2013)
The number-one Leading Location in the New England region is Framingham, Massachusetts, which has been recognized for its high quality of life and high-tech work force. Three other Massachusetts MSAs also place on the top-10 list for the region — Boston-Cambridge-Quincy, Barnstable Town, and Peabody. More

Leading Locations for 2013: The Recession-Busting MSAs

Area Development Magazine Special Presentation (Q2 / Spring 2013)
Area Development looks at several key economic indicators to identify the top-10 “recession-busting” cities that are having the most success in rebooting their economies and creating good-paying jobs. More

Leading Locations for 2013: Ranking MSAs for Economic & Job Growth

Area Development Magazine Special Presentation (Q2 / Spring 2013)
Recovery is always easiest with a diversified economic base, a trait that almost all of the top-ranked "Leading Locations" share. More
News Items
 
Around The Web
 
Studies/Research
News Items
 
Around The Web
 
Studies/Research

MASSACHUSETTS at a glance

POPULATION: 6,547,629 (2010 Census)

LABOR FORCE: 3,461,400 (Sept. 2012)

RIGHT TO WORK: No

TRADITIONAL INDUSTRIES:Creative industries, defense and homeland security, financial services, information technology, life sciences, manufacturing, maritime commerce, renewable energy

EXPANDING INDUSTRIES: Management, scientific, and technical consulting services; individual and family services; pharmaceuticals and medicine manufacturing; home healthcare services; computer systems design and related services; residential care facilities; software publishing; scientific R&D services

COLLEGE GRADUATES: (Age 25 and over) 38.2% (2009 U.S. Census)

BASIC BUSINESS TAXES:
Single Sales Factor: Yes (for manufacturing companies)

Corporate Income Tax Rate: 8 percent

Sales and Use Tax: 6.25 (machinery and equipment is exempt)

Personal Property/Real Estate Tax: Levied by local authorities across the state (average rate of $16.97 per $1,000 assessed property value)

BUSINESS INCENTIVES:
Economic Development Incentive Program

Investment Tax Credit

Tax Increment Financing

Research & Development Tax Credit

Special programs, grants, and loans provided through:
• MassDevelopment

• Mass Ventures

• Massachusetts Growth Capital Corp.

• Workforce Training Fund

• Massachusetts Life Sciences Center

• Massachusetts Clean Energy Center

Principal Manufacturing industries

  • Computer & Electronic Products
    22.8%
  • Fabricated Metal Products
    12.7%
  • Food
    9.3%
  • Machinery
    7.1%
  • Chemicals
    6.6%
  • Transportation Equipment
    5.2%
  • Plastics & Rubber Products
    4.8%
  • Printing & Related Support Activities
    4.7%
  • Electrical Equipment & Appliances
    3.8%
  • Other Manufacturing Industries
    22.9%