Incentives for Industries

The State of Connecticut and local cities and towns offer a wide variety of tax incentives that encourage businesses investment.  Numerous tax credits, tax exemptions, and tax abatements are available at the state level, while municipalities can offer property tax incentives based on certain levels of capital investment. Connecticut is a great place to start or grow a business. Why? The state provides the competitive advantages companies need to succeed in today's global marketplace.  

Connecticut has one of the highest percentages of corporate and divisional headquarters and eleven Fortune 500 companies call Connecticut "home".

The Commonwealth of Massachusetts offers many incentives to new and expanding businesses. Most of these apply to workforce development, economic target area development, financing, job creation, and tax credits. Massachusetts unveiled a ten-year, $1 Billion Life Sciences Initiative and several new Renewable Energy incentives during 2008. Massachusetts established many renewable energy company incentives during 2008, including the creation of a Renewable Energy Center funded with $65 Million in incentive money.

Western Mass EDC Incentives
Connecticut Department of Economic and Community Development
Metro Hartford Alliance Business Resources
State of Connecticut Tax Incentives
Massachusetts Workforce Training Grant Programs