Financial Incentives
Single Tax Rate
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 (EDIP) - Tax Increment Financing
The City of Northampton is part of the 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.
Commonwealth of Massachusetts Incentives
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.
MA Film Tax Credit
The Massachusetts Film Tax Credit has been dramatically upgraded since 2006. Filmmakers that shoot at least half of their movie or spend at least half of their production budget in Massachusetts are eligible for a tax credit equal to 25 percent of their total spending in Massachusetts including salaries over $1million.
The spending threshold begins at $50,000 and “digital media projects” are eligible extending the benefits of the film tax credit to locally based, small independent and documentary filmmakers.