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Expand or Relocate to Massachusetts
      

Massachusetts Business Data

Relocate or Expand to Massachusetts

MA business climate, manufacturer incentives, and advantages of local communities

Business Data for Massachusetts


Population
6,593,587

Total Labor Force
3,601,895

Unemployment Rate
4.2%

# Manufacturers
7,510

Manufacturing Jobs
351,775

Right to Work
No

Unemp. Insurance Tax
1.26–12.27%


Manufacturing stats updated on 6/29/2016. All other data updated on 6/29/2016. IndustryNet is not responsible for errors or omissions.
 
Corporate Income Tax
8%

Sales Tax
6.25%. Exemptions include: Sales to manufacturers

Property Tax
“Ad Valorem” Tax is assessed on real and personal property. Rates vary by county.

Leading Mfg. Industries
(by # of employees)
16% Industrial machinery and equipment
14% Instruments and related products
13% Electronic and other electric equipment
10% Printing and publishing
8% Fabricated metal products

Largest Mfg. Employers
(by # of employees)
EMC Corp. (Hopkinton) - 10,000
Lake Region Medical (Wilmington) - 5,000
Raytheon Co. (Andover) - 4,500
Gillette Co., The (South Boston) - 3,000
EBSCO Information Technologies, Inc. (Ipswich) - 3,000
Biogen, Inc. (Cambridge) - 3,000
Staples, Inc. (Framingham) - 3,000
 
Counties with the Most Mfg. Jobs
Middlesex - 145,222
Essex - 51,992
Worcester - 50,390
Bristol - 36,356
Norfolk - 34,223

Cities with the Most Mfg. Jobs
Wilmington - 15,882
Boston - 15,582
Andover - 11,744
Cambridge - 11,263
Hopkinton - 11,021

Mfg. Related Business Incentives
• MassDevelopment Equipment Loans
• Brownfields Redevelopment Fund
• Emerging Technology Fund
• MassDevelopment Exporter Financing
• Southeast Regional Loan Fund (SRLF)
• Brownfields Tax Credit Program
• New Markets Tax Credit Program
• Tax Exempt Bonds
• Green Loan Program
• Pre-development Loans
• Small Business Purchasing Program (SBPP)
• Tax Increment Financing (TIF)
• Research & Development Tax Credit
• Investment Tax Credit (ITC)
• Economic Development Incentive Program (EDIP)
• Single Sales Factor (Reduces tax burden for manufacturers)

Economic development agencies, chambers of commerce, and other organizations & businesses available to assist with your relocation to or from Massachusetts

Topeka, KS
Striving to recruit new business & help companies expand in Kansas
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