Massachusetts Awarded $11.5 Million in Tax Credits

The state incentives will support 10 companies, creating 674 new jobs and retaining over 1,000 existing roles.

Updated on Sept. 23, 2026 in Jobs — General

Isometric editorial illustration of a metallic industrial component on a plinth, representing state-funded manufacturing investment and industrial growth. — The Massachusetts Economic Assistance Coordinating Council has awarded $11.5 million in tax credits to 10 companies, aiming to create 674 new manufacturing jobs. AI Illustration. Upload story photo >

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The Massachusetts Economic Assistance Coordinating Council has approved $11.5 million in performance-based tax credits for 10 local companies. These projects are expected to generate 674 new jobs while securing more than $339 million in private investment for the state.

Why it matters

The program aims to stimulate private sector expansion and bolster the state manufacturing base. By tying these financial awards to performance goals, officials hope to ensure long-term regional job stability and economic growth.

The 10 awarded projects involve the retention of 1,093 existing positions and are expected to drive more than $339 million in private capital. Nine of the selected companies are involved in manufacturing.

The players

Economic Assistance Coordinating Council

This Massachusetts state body manages the Economic Development Incentive Program to oversee business investment and job growth.

GreenSight

This firm was the largest recipient of the new state tax credits for the development of a manufacturing facility.

Phoenix Tailings Inc.

Based in Burlington, this company specializes in rare-earth metal production and received funding for facility expansion.

Kopin Corporation

This Westborough-based technology firm manufactures microdisplays and is launching a significant infrastructure expansion.

The details

Companies receiving the largest awards include GreenSight, which was granted $6.42 million for a new manufacturing facility, and Phoenix Tailings Inc., which received $1.8 million to support rare-earth metal production. The Kopin Corporation also secured $1.46 million for microdisplay manufacturing, with plans to add 80 jobs over the next five years.

The state approved the tax incentive awards on September 23, 2026.
Kopin Corporation plans to create 80 new jobs over the next five years.

Market Landscape

These awards reflect a broader state strategy to maintain a competitive manufacturing sector within the regional economy. By targeting 10 distinct projects, Massachusetts is attempting to diversify its industrial base and anchor high-tech production firms against national competitors.

Residents may see an increase in local job openings in the manufacturing sector as these companies fulfill their expansion requirements. These performance-based incentives are designed to ensure that state funds are directly linked to tangible employment growth and private capital investment.

The takeaway

The state strategy relies on private investment to multiply the impact of limited public tax credits. Companies must meet specific benchmarks to receive these funds, ensuring that taxpayers only support businesses that successfully deliver on their job creation promises.