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FUNDING SOURCES

Massachusetts State Funding Programs

The main state office assisting businesses in Massachusetts is the Massachusetts Office of Business Development. This agency oversees initiatives related to job creation, retraining, and capital investments for companies located in the Commonwealth or relocating there.

Financing programs include:

Division of Agricultural Markets

  • Works with agribusinesses to keep them economically viable and assist with efforts such as educational programs, marketing, and public relations
  • Offers cost-sharing incentives in areas such as export market development and organic certification

Economic Development Incentive Program

  • Provides state and/or local tax credits in exchange for a commitment to create new jobs, retain existing ones, and make private investments in a project

On the Job Training Program

  • Helps businesses with the costs involved in hiring and training new employees
  • Reimburses a percentage of the wages paid to a trainee hired through a MassHire Career Center

State Trade Expansion Program

  • Offsets the development and marketing costs involved in extending a business’s products or services to an international market
  • Matching grants of up to $12,000

Workplace Safety Training Grant

  • Helps cover the costs of programs designed to promote safe and healthy workplace conditions