Financial Incentives

Single Tax Rate
Northampton is one of the few larger communities in Western Massachusetts that offers a single tax rate for commercial and residential real estate. This keeps our commercial tax rate lower than many communities our size or larger.

Economic Development Incentive Program
The Economic Development Incentive Program (EDIP) Tax Increment Financing is a program of the City of Northampton in partnership with Franklin Regional Economic Target Area which allows Northampton to use local and state tax incentives to attract new business, expand existing businesses, and stimulate job creation and business investment in Northampton. Please contact the Community and Economic Development Director for more information or to discuss your project.
Commonwealth of Massachusetts Incentives
Information and links on business development financial incentives available from the Commonwealth of Massachusetts. Includes tax incentives, training funds, brownfields financing, job creation incentive payments, job training grants, business development financing, and more.

Massachusetts Film Tax Credit
The Massachusetts Film Tax Credit has been dramatically upgraded since 2006. Filmmakers that shoot at least half of their movie or spend at least half of their production budget in Massachusetts are eligible for a tax credit equal to 25 percent of their total spending in Massachusetts including salaries over one million dollars.

The spending threshold begins at $50,000 and digital media projects are eligible extending the benefits of the film tax credit to locally based, small independent and documentary filmmakers.

Select USA Investment Incentives
President Obama has created Select USA to promote business investment in the United States. This website lists the advantages of locating business in the USA and the financial incentives available.

Federal Economic Stimulus 2009 Tax Incentives