Tax Incentives

Economic Development Incentive Program (EDIP)

Companies creating a significant number of jobs within Lowell and making significant capital investment may be eligible for investment tax credits and a real estate tax exemption under the Economic Development Incentive Program (EDIP). This program is offered in partnership with the Commonwealth of Massachusetts, Massachusetts Office of Business Development (MOBD)

Research and Development (R&D) Tax Credits

Any company located in Lowell that is engaged in research and development and is classified as R&D with the Massachusetts Department of Revenue can qualify for an exemption on corporate sales tax from the state. In addition, the City of Lowell is one of the few communities in MA offering 100% tax exemption on any core equipment directly related to its R&D activities. 

The Housing Development Incentive Program (HDIP)

allows developers of market-rate housing in "gateway cities" such as Lowell  to take advantage of state and municipal tax exemptions and deductions. For more information click here (or see fact sheet upper-right corner of this page)

To find out if you are eligible for these tax incentives please contact our  Economic Development Office at 978-674-4252





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