Make Your Business a Success in Chelmsford
“Chelmsford Gets High Marks”
The Town of Chelmsford consistently receives high marks for being business/community friendly.
2008 – Ranked 19th out of 351 cities, by the Massachusetts High Tech Council, for being “high tech friendly”
2006 – Voted #2 in the “Top 10 list of Most Affordable Cities in the Northeast.” Chelmsford was identified by BusinessWeek.com and Sperling’s Best Places to Live.
Administered by the Mass Office of Business Development
EDIP seeks to create new jobs and help businesses grow. Growth is encouraged by offering tax credits in exchange for job creation.
The Economic Development Incentive Program (EDIP) is a tax incentive program designed to foster full-time job creation and stimulate business growth throughout the Commonwealth. Participating companies may receive state and local tax incentives in exchange for full-time job creation, manufacturing job retention, and private
The Job Creation Incentive Program – Qualifying biotechnology and medical device manufacturing companies are eligible to receive incentive payments for new job creation. Massachusetts already has a leading concentration of biotechnology and medical device manufacturers located within its boundaries.
- The Research & Development Tax Credit – Massachusetts offers a tax credit for research and development investment for both manufacturers and R&D companies. This tax credit was designed to reduce obstacles to R&D investment and spur growth and innovation.
- The Investment Tax Credit – The Massachusetts Investment Tax Credit (ITC) offers a 3% credit for qualifying businesses against their Massachusetts corporate excise tax. The credit is to be used for the purchase and lease of qualified tangible property used in the course of business operations.
- Single Sales Factor – Massachusetts offers an attractive tax environment for businesses. In particular, the Single Sales Factor reduces the tax burden for manufacturers and other qualifying companies.
- Sales & Use Tax Exemption – Massachusetts exempts manufacturing equipment and R&D equipment from sales and use tax.
- 100% Personal Property Tax Exemption – Companies that are classified as manufacturing corporations are exempt from paying local personal property tax on tangible, depreciable assets (with a small number of exceptions).
MassDevelopment (MDFA) – MassDevelopment provides real estate and equipment financing at low interest rates through direct loans or through its Emerging Technology Fund. Direct loan caps are $3 million for real estate and $500,000 for equipment. ETF cap for real estate or equipment is $2.5 million or 25% of total project cost. MDFA also provides tax exempt bond financing to manufacturers to be used for the purchase, construction, or renovation of facilities to be used for the purchase, construction, or renovation of facilities. The tax exempt bond financing means lower interest rate and longer term while the ETF provides capital access to emerging technology companies at below market interest rates through a simple and fast application and approval process.
Workforce Training Fund Program (EOLWD)
Provided by the MA Executive Office of Labor and Workforce Development, the Workforce Training Fund Program (WTFP) helps address business productivity and competitiveness by providing resources to Massachusetts businesses to fund training for current and newly hired employees. In order to qualify, businesses must pay into the Fund. All for-profit companies automatically pay into the fund. If you are a non-profit, click here to learn if you qualify. Government agencies are not eligible to apply. While available to businesses of all sizes, the WTFP focuses on small to medium-sized businesses that would not be able invest in improving employee skills without the assistance of the Fund. There are three programs to which businesses may apply: General Program Express Program Small Business Direct Access Program and a summary of the programs can be found here. Workforce Training Fund Program 2019 Highlights can be found here. The Massachusetts Workforce Training Fund Program provides Massachusetts businesses with training grants of up to $250,000 to invest in workforce development, improve employee skills, and maintain the economic strength and viability of the Commonwealth’s businesses. The Workforce Training Fund Program is financed by Massachusetts businesses and administered by Commonwealth Corporation. Free info-sessions can be found here and are hosted by the Middlesex Community College. The MCC will provide services to manage the application process and more information can be found here.
MassHire – Lowell Career Center
The MassHire Lowell Career Center is part of the Massachusetts One-Stop Career Center System serving the communities of Billerica, Chelmsford, Dracut, Dunstable, Lowell, Tewskbury, Tyngsborough and Westford. The Lowell Career Center operates under the direction of the City of Lowell and is chartered by the MassHire Greater Lowell Workforce Board. Through this model, local employment and training services have been consolidated to build a strong workforce development system.
Middlesex Community College – Corporate Education & Training
For over two decades we have educated and trained thousands of employees in hundreds of industries and municipalities throughout Middlesex County. Our goal is to provide you with the educational and training tools you need to make the best use of your most important assets, your employees.
We are proud of the vital relationships and alliances we have built and look forward to expanding the scope of Middlesex’s Corporate Education & Training programs to meet the ever-changing needs for workplace education.
Safety Training Grants – In an effort to prevent worker injuries and help employers lower worker’s compensation costs, the Commonwealth administers a safety training grant program. The maximum award amount is $25,000. The funding only applies to approved applications. Training vendor and/or training curriculums must be obtained by the employers requesting funding. Grants help fund a wide array of safety training programs selected by the company that improve workplace safety, including ergonomics, hazardous material handling and proper heavy lifting techniques to name a few.
For employers seeking a skilled, motivated and adaptable workforce to meet current or emerging labor needs.
Workforce Training Fund – (WTFP) helps address business productivity and competitiveness by providing resources to Massachusetts businesses to fund training for current and newly hired employees. In order to qualify, businesses must pay into the Fund. All for-profit companies automatically pay into the fund. If you are a non-profit, click here to learn if you qualify. Government agencies are not eligible to apply. While available to businesses of all sizes, the WTFP focuses on small to medium-sized businesses that would not be able invest in improving employee skills without the assistance of the Fund.
The Massachusetts Workforce Training Fund provides resources to businesses to train current and newly hired employees. Its goal is to help improve employee skills and maintain the economic strength of the Commonwealth’s businesses. This fund provides training grants to Massachusetts employers up to $250,000 per application. For more information on specific Workforce Training Fund programs, go to the Commonwealth Corporation website, www.commcorp.org/wtfp
Services for employers include:
- Access to qualified applicants
- Applicant pre-screening
- Posting of jobs
- Assistance with small and large-scale recruitment activities
- Help planning job fairs
- Testing and assessment of job candidates
- Targeted mailings
- Rental of conference rooms
- Labor market information
- Information on training grants and tax credits