Size of Investment: $500,000 – 1,000,000= 2 points
$1,000,001 – 3,000,000= 4 points
$3,000,001 – 5,000,000= 6 points
$5,000,001 – 7,000,000= 8 points
$7,000,001 – 9,000,000= 10 points
$9,000,001 – 11,000,000= 12 points
$11,000,001 – 15,000,000= 15 points
$15,000,001 – 20,000,000= 20 points
Over $20,000,001 or more= 25 points
Average Salary of Jobs Created:
$20,001 - $25,000= 4 points
$25,001 - $30,000= 8 points
$30,001 - $35,000= 12 points
> $35,001= 18 points
Public Sector Financing:
No public sector financing= 10 points
Public sector less than 25%= 5 points
Public sector over 25%= 0 points |
Jobs Created (not retained):
5 – 10= 8 points
11 –30= 12 points
31 – 50= 16 points
51 – 70= 20 points
71 – 90= 24 points
91 – 110= 28 points
111 – 150= 36 points
151 – 200= 38 points
201 – 300= 40 points
301 - 400= 42 points
> 400= 44 points Other:
MCTA/MCDJFS Commitment 50%= 5 points
Use of Vacant Structure= 5 points
Manufacturing use= 10 points |
Example: A Tool & Die manufacturer is considering the use of a vacant facility for manufacturing purposes. Projected employment is 15 full-time positions paying an average annual wage of $23,500. The T&D will make a best effort to hire individuals from a low-mod income background. The investment in machinery and equipment is $580,000 with 20% public sector financing. The T&D project scores as follows:
2 pts–size of investment, 5 pts–manufacturing
4 pts–salary level, 5 pts–public sector financing,
12 pts–jobs created, 5 pts–vacant structure,
5 pts – MCTA/MCDJFS participation
43 points total
Base of 25% for 5 years plus a score of 43 points.
Maximum tax abatement consideration is 68% for 9 years.
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