Northampton is one of the few larger communities in Western Massachusetts that offers a single tax rate for commercial and residential real estate. This keeps our commercial tax rate lower than many communities our size or larger.
Economic Development Incentive Program
The Economic Development Incentive Program (EDIP) Tax Increment Financing is a program of the City of Northampton in partnership with Franklin Regional Economic Target Area which allows Northampton to use local and state tax incentives to attract new business, expand existing businesses, and stimulate job creation and business investment in Northampton. Please contact the Community and Economic Development Director for more information or to discuss your project.
Information and links on business development financial incentives available from the Commonwealth of Massachusetts. Includes tax incentives, training funds, brownfields financing, job creation incentive payments, job training grants, business development financing, and more.