Emerging Technology Fund (ETF): The Massachusetts Emerging Technology Fund targets companies that are starting up or expanding manufacturing in Massachusetts by providing financing for manufacturing facilities and equipment. The ETF offers loans or loan participants up to $2,500,00 and loan guarantees up to $1,000,000. Companies that receive ETF financing must have strong management teams, demonstrate technical feasibility, and a proven fundraising record.
Green Loan Program: Mass Development wants to help business optimize efficiency and reduce energy costs. Our Green Loan Program bridges the gap between energy efficiency project costs and the rebates or subsidiaries provided by utility companies and state/federal incentive programs.
Investment Tax Credit: The Massachusetts Investment Tax Credit offers credit for qualifying businesses against their state corporate excise tax. This credit may be used to purchase and lease tangible property used in business operations. Manufacturers, research and development corporations, and agricultural/fishing businesses are qualified to use the credit.