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Please note that data are cataloged by fiscal years. For more info see our user guide.

City of Worcester, MA Revenue Losses from Subsidy Programs

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YearProgram NameProgram TypeGross Revenue LossReimbursement / offsetNet Revenue LossType of Loss
2017Econ Develop Incent ProgramGeneral Economic Development$2,600$0$2,600Active
2019Individual Property Tax Abatement Agreements (26)General Economic Development$3,873,000$0$3,873,000Active
2018Massachusetts Economic Development Incentive Program (EDIP)/the Massachusetts Housing Development Incentive Program (HDIP)General Economic Development$3,885,000$0$3,885,000Active
2020Massachusetts Economic Development Incentive Program (EDIP)/the Massachusetts Housing Development Incentive Program (HDIP)General Economic Development$4,126,000$0$4,126,000Active
2017Various property tax abatementsGeneral Economic Development$2,600,000$0$2,600,000Active
2018Various property tax abatementsGeneral Economic Development$3,885,000$0$3,885,000Active
2019Various property tax abatementsGeneral Economic Development$3,873,000$0$3,873,000Active
2020Various property tax abatementsGeneral Economic Development$4,216,000$0$4,216,000Active
2021Various property tax abatementsGeneral Economic Development$4,335,000$0$4,335,000Active
TABULATED TOTAL$30,795,600$0$30,795,600