Burlington Company Among Those Awarded to Support Business Growth, Create New Jobs in Massachusetts

BOSTON — The Healey-Driscoll Administration today announced that the Massachusetts Economic Assistance Coordinating Council (EACC) approved $11.5 million in tax credits for 10 business expansion projects expected to create 674 new jobs, retain 1,093 existing jobs and generate more than $339 million in private investment across Massachusetts.

The awards are made through the Economic Development Incentive Program (EDIP), which supports businesses that commit to creating jobs, retaining workers and making new investments in Massachusetts.



“Massachusetts businesses are growing, hiring and investing in communities across our state,” said Governor Maura Healey. “These awards will help create nearly 700 new jobs, retain more than 1,000 existing jobs and drive hundreds of millions of dollars in private investment. We are proud to support companies that are choosing Massachusetts to grow their businesses and create new opportunities for workers.”

“These investments are supporting businesses and creating jobs in communities across Massachusetts, from Orange and Sunderland to New Bedford, Taunton and Lowell,” said Lieutenant Governor Kim Driscoll. “We’re partnering with companies that want to grow here, put people to work and strengthen local economies.”

“These companies are expanding the industries that will shape our economic future, including advanced manufacturing, robotics, defense, aerospace and critical materials,” said Economic Development Secretary Eric Paley. “Through EDIP, we are supporting ambitious projects that will build new facilities, expand production and create hundreds of jobs across Massachusetts.”

EDIP is administered by the Massachusetts Office of Business Development (MOBD) and designed to support business expansion and job creation by offering performance-based tax credits in exchange for commitments to create new jobs, retain existing employees, and invest capital. Nine of the projects approved are manufacturers and two are located in Gateway Cities.  



The EDIP certified projects approved during today’s meeting include: 
Phoenix Tailings Inc. – Burlington 
Phoenix Tailings, Inc. is a privately held, Massachusetts-founded U.S. advanced-materials manufacturer. Phoenix Tailings plans to invest approximately $16.7 million in its Burlington facility to expand rare-earth metal manufacturing capabilities for defense, aerospace, automotive, semiconductor, and clean-energy applications. The company will create 120 new jobs. The EACC approved $1,800,000 in EDIP tax credits.

See the full list of awardees here.