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Tax Break Tracker Individual Entry

Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.

Effected JurisdictionCity of Worcester
Jurisdiction type: Municipality
Fiscal year ending In2021
Program nameMassachusetts Economic Development Incentive Program (EDIP)
Program purpose: General Economic Development
Statutory authority: (not specified)
Abating jurisdiction(s): City of Worcester
Applicable taxesProperty tax
Method of abatement: Tax Abatement
Provisions for recapture: (not specified)
Gross revenue loss: $4,335,000
Reimbursement / offset: $0
Net revenue loss: $4,335,000
Type of loss: Active
Additional notes on dislosureSee CAFR for company specific deals
Document sourcehttps://www.worcesterma.gov/city-auditor