Massachusetts Resources Page

2022 Top States for Doing Business Provide an Environment for Business Growth

Steve Kaelble, Staff Editor, Area Development

The "Top States" report looks at some of the places ripe for successfully growing and doing business based on the views of our expert panel of consultants.

Innovation Corridors Have Economic Assets Driving Business Growth

Steve Kaelble, Staff Editor, Area Development

By actively putting together the resources needed for innovative companies to survive and thrive, innovation districts and corridors have found a recipe for success.

Where's the Talent: Jobs Outlook in the Fastest Growing U.S. Cities

Michael Reid, Senior Economist, Oxford Economics
Barbara Denham, Senior Economist, Oxford Economics

Unlike in past expansions, growth may spread across more cities as more people have the freedom to work remotely from their preferred locations.

Innovation in America Reaches New Heights

Lisa A. Bastian

If necessity is the mother of invention, the COVID-19 crisis is driving cooperative innovation by companies, government entities, and healthcare organizations.

STEM Grads: At the Core of the Tech Location Decision

Steffen Kammerer, Senior Vice President, Technology Practice Group, JLL

The search for tech talent is leading companies to look at some traditional as well as surprising locations and also putting workspace buildout in a new perspective.

2017 Top States for Doing Business: Georgia Ranks #1 Fourth Year in a Row

Mark Crawford, Staff Editor, Area Development

The top-ranked states have committed to adding value as economic development leaders and problem-solvers, characteristics that are recognized by consultants to industry.

Regional Report: A Slow, But Steady Pace of Economic Growth for the New England States

Steve Kaelble, Staff Editor, Area Development

Although growth had been lagging in the New England States, they’re now catching up to the rest of the nation in terms of economic recovery.

The Reasons Corporate Headquarters are Heading Back Downtown

Dale D. Buss, Staff Editor, Area Development

In order to lure tech-savvy millennials, many companies that years ago moved out to the suburbs are heading back to the urban downtowns that offer the lifestyle this generation of employees desires. And the trend isn't confined to just North America’s biggest cities.

Cloud Adoption Multiplying Data Center Demand

Geraldine Gambale, Editor, Area Development Magazine

The rising reliance on digital content and data sovereignty laws are driving demand for data center space.

Frontline: New Tech Havens Bloom as Digitization Transforms U.S. Economy

Dale D. Buss, Staff Editor, Area Development

The fluidity of digital innovation - and its lack of dependence on a traditional industrial infrastructure - means that tech havens are blooming in newer magnets where tech-savvy workers are prevalent, ranging from Ann Arbor, Michigan to Richmond, Virginia.

U.S. Legislative, Incentives, & Economic Development Policies Update

Jason Hickey, President, Hickey & Associates, LLC

Growing companies need to be aware of the many changes states are making to their incentives policies.

Massachusetts Basic Business Taxes

Area Development Research Desk

large S-corporations, Financial institutions, corporate tax structure, Unitary Filing, Tax Fairness and Business Competitiveness, state taxable income, Common ownership

Massachusetts Direct Financial Incentives

Area Development Research Desk

Massachusetts's economic development, finance and tax organizations provide a range of incentive programs to initiate new business and commercial investment.

Regional Report: New England Joining the Economic-Recovery Bandwagon

Dale D. Buss, Staff Editor, Area Development

As a prime recipient of venture-capital investment, the New England region is continuing to attract entrepreneurs and grow jobs.

First Person: A Precision Aerospace Manufacturer Relocates Production from Mexico Back to New England

Scott Livingston, President and CEO, Horst Engineering Family of Companies

A staff editor for Area Development recently interviewed Scott Livingston, the president and CEO of the Horst Engineering Family of Companies, a privately held contract manufacturer of precision-machined components and assemblies for aerospace and other high-technology industries which recently returned production to the U.S. from Mexico.

Project Announcements

Helfrich Brothers Boiler Works Expands Lawrence, Massachusetts, Operations

02/19/2024

The Mental Health Association Plans Chicopee, Massachusetts, Operations

02/12/2024

Embue Expands Worcester, Massachusetts, Operations

06/20/2023

Bisousweet Confections Expands Leominster, Massachusetts, Operations

06/13/2023

Textile Manufacture 23 Farrar Street Relocates-Plans Lynn, Massachusetts, Operations

03/28/2023

All News Items 

Tips: Send Us Business Expansion or Relocation News

MASSACHUSETTS at a glance

POPULATION: 6,692,824 (2012 Census estimate)

LABOR FORCE: 3,531,700 (Sept. 2014)

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) 39% (U.S. Census 2008-2012 Community Survey)

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%