The Economic Development Incentive Program (EDIP) in Massachusetts aims to enhance job creation and attract businesses to the state by providing tax credits for capital investments. The FY 2025 Annual Report highlights the program's success, with the Economic Assistance Coordinating Council (EACC) certifying 16 projects that are expected to generate a private capital investment of $214 million and create 959 jobs. Additionally, the report notes the approval of local tax incentives for four projects, which will create 43 jobs, and the establishment of various Vacant Storefront Projects aimed at revitalizing commercial areas.

Recent reforms to the EDIP, enacted through the Mass Leads Act, have made the program more efficient and accessible. Key changes include expanding the availability of refundable tax credits, allowing companies to claim credits against their entire tax liability, and streamlining the application process. The report also details the distribution of projects across different regions and industries, with a significant focus on manufacturing and technology sectors. Notably, the Vacant Storefront Program has undergone reforms to encourage the occupancy of long-term vacant storefronts, including a new annual allocation of tax credits for municipalities.