The Massachusetts Economic Assistance Coordinating Council recently approved FIBA Technologies, Inc.’s Littleton expansion project for the State’s Economic Development Incentive Program (EDIP).
The Economic Development Incentive Program is a tax incentive program designed to foster job creation and stimulate business growth throughout the Commonwealth. Participating companies may receive state and local tax incentives in exchange for job creation, manufacturing job retention and private investment commitments.
After a lengthy application process, FIBA was approved for the program and will be rewarded for its $15 million dollar investment into its new property located in Littleton, Massachusetts and for the creation of 67 new full time jobs at the facility.
The town of Littleton provided incredible support in FIBA’s effort to secure approval for this program, which FIBA greatly appreciates.
To read more about the EDIP program and recent projects approved: click here.