Incentives

corydon_thurston

The Pittsfield Economic Development Authority and the City of Pittsfield are prepared to offer generous incentives to help you build or relocate your commercial business to the William Stanley Business Park.

—Corydon Thurston
William Stanley Business Park

Join successful and emerging businesses in finance and life sciences such as MountainOne Bank, Everource and Berkshire Innovation Center to build your business in the Berkshires. Some available incentives:

Economic Development Incentive Program (EDIP)

Providing state and local tax incentives in exchange for job creation, manufacturing job retention and private investment commitments.

Massachusetts Investment Tax Credit (ITC)

Offering a three-percent credit for qualifying businesses on their state corporate excise tax for the purchase or lease of qualified tangible business property.

Job Creation Incentive Program

Encourages Biotechnology and medical device manufacturing companies with incentive payments for new job creation.

Research & Development Tax Credit

Giving qualifying companies unique incentives for doing business in Massachusetts.

Tax Increment Financing (TIF)

Allowing municipalities to provide flexible targeted incentives to stimulate job-creation.

Customized Incentives

Let us work with you to create a customized incentives package.

PARTNERSHIPS

Strategically combining commercial building incentives and industry tax credits, your business may:

  • Gain technical assistance for new or relocated business property project planning and development
  • Obtain bank financing in partnership with local, regional and national financial institution

 

SUPPORT SERVICES

We help provide vital start-up and support services for commercial businesses interested in locating in one of several properties in the William Stanley Business Park.

The lending, financial assistance and incentive programs have the shared goals of strengthening new and present commercial businesses in the community, and creating employment opportunities for area residents.

In addition, in close partnership with local, state and federal agencies to develop other opportunities through structuring the right combination of offices, programs and people, William Stanley Business Park will work to meet your specific commercial real estate needs.