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.
| State or Territory: | Massachusetts |
| Effected Jurisdiction: | City of Worcester |
Jurisdiction type: | Municipality |
| Fiscal year ending In: | 2023 |
| Program name: | Massachusetts Economic Development Incentive Program (EDIP) |
| Program purpose: | General Economic Development |
| Statutory authority: | Massachusetts Economic Development Incentive Program Act of 1996 |
| Abating jurisdiction(s): | City of Worcester |
| Applicable taxes: | Property Tax |
| Method of abatement: | Tax Abatement |
| Provisions for recapture: | (not specified) |
| Gross revenue loss: | $3,997,000 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $3,997,000 |
| Type of loss: | Active |
| Additional notes on dislosure: | Unnamed recipients are listed in CAFR |
| Document source: | https://www.worcesterma.gov/uploads/6c/c8/6cc8c0370aa20fff9a01b22732872b... |
