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Massachusetts
Resources Page
Massachusetts: Attracting Cutting-Edge Technologies in a Variety of IndustriesThe commonwealth is attracting new business with a streamlined permitting process and a focus on high-tech development. More |
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Clean Energy, Green EconomyRenewable energy stands poised to create opportunities across the country. More |
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States Fund Renewable Energy ProjectsSixteen states have taken the lead in funding for renewable energy projects through tax and production incentives, rebates, grants, and loans. More |
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Going Green With Wind PowerMore companies and organizations are finding that wind power makes sense for their energy needs.. More |
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State Contacts
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Massachusetts
At A Glance
POPULATION:
6,437,193
Single Sales Factor: Yes
One-Stop Shopping: Business Resource Team
Economic Development Incentive Program (TIF)
Streamlined Permitting
Free Site Selection Services
$100 Million Infrastructure Fund
Emerging Technology Fund
Job Incentive Payment Program
Investment Tax Credits
Corporate R&D Tax Credits
Workforce Training Fund
Hiring Incentive Training Grant
LABOR FORCE: 3,294,200
RIGHT TO WORK: NoTRADITIONAL INDUSTRIES: Healthcare, financial services, higher education, travel and tourism, information technology, defense, biotech, medical devices, precision manufacturing, transportation and utilities, retail
EXPANDING INDUSTRIES: Life sciences, manufacturing, information technology, energy, defense, creative economyCOLLEGE GRADUATES: (Age 25 and over) 37% (2005)
BASIC BUSINESS TAXES:Single Sales Factor: Yes
Corporate Excise (Income) Tax: $2.60 per $1,000 worth of property located in Massachusetts; 9.5 percent of apportionment
Sales and Use Tax: 5 percent of gross receipts from retail sales or storage, use, or consumption of taxable property; local sales taxes are prohibited by law; sales and use tax exemption for R&D propertyProperty/Real Estate Tax: Levied by individual localities at varying rates
BUSINESS INCENTIVES:One-Stop Shopping: Business Resource Team
Economic Development Incentive Program (TIF)
Streamlined Permitting
Free Site Selection Services
$100 Million Infrastructure Fund
Emerging Technology Fund
Job Incentive Payment Program
Investment Tax Credits
Corporate R&D Tax Credits
Workforce Training Fund
Hiring Incentive Training Grant
SPONSOR PROFILES:
