Economic Development Incentives Inc. (EDI) Announce 2014 Massachusetts Brownfields Tax Credit Closings of $42,930,562.
Boston, MA February 11, 2015 - Economic Development Incentives Inc. (EDI) is a joint venture between Dorfman Capital ("DORFMAN") and New England Economic Development ("NEED") established to serve real estate owners who develop brownfield sites and are eligible for Massachusetts Brownfields Tax Credits. Together since 2009, DORFMAN and NEED have qualified over 90 projects for MA Brownfields Tax Credits representing over $127,500,000 million of tax credits originated and sold.
Boston, MA July 17, 2013 - Bob Dorfman, president of Dorfman Capital ("DORFMAN") and Hal Davis, president of New England Economic Development, Corp ("NEED") announces that on July 12, 2013, Governor Duval Patrick signed the 2013-2014 budget that includes a five year extension through December 31, 2018 of the MA Brownfields Tax Credit program.
Massachusetts Historic and Brownfields Tax Credits Help Support Rehabilitation of Former Whitney Building in Leominster
Dorfman Capital Arranges Tax Credit Financings for Twin Cities CDC’s Affordable Housing Development
April 5, 2013- Dorfman Capital announces the completion of a Massachusetts Historic Tax Credit and a Massachusetts Brownfields Tax Credit financings for Twin Cities Community Development Corporation associated with the rehabilitation of the former Whitney & Co. building. Located at 142 Water Street in Leominster, the building was originally constructed in 1893 and is now 40 units of affordable housing, known as the Water Mill Apartments.
Boston, MA - January 16, 2013: Bob Dorfman, president of Dorfman Capital ("DORFMAN") and Hal Davis, president of New England Economic Development, Inc. ("NEED") and an attorney who serves in an Of Counsel capacity with the Boston law firm of Davis, Malm & D’Agostine, PC, announced the formation as of January 1, 2013 of ECONOMIC DEVELOPMENT INCENTIVES INC.
April 6, 2011 - Boston, MA: Bob Dorfman, president of MA Brownfields Tax Credits, announced the completion of a Massachusetts brownfields tax credit sale associated with Finard Properties and The Shops at Riverwood. The 106,000 square foot lifestyle center, anchored by a Price Rite Supermarket and home to Sovereign Bank, is currently in phased development.
Located adjacent to the Neponset River in Boston’s Hyde Park neighborhood, The Shops at Riverwood’s site once housed the Bay State Paper Mill, the oldest continuously operating paper mill in the United States until its closure in 2000. Redevelopment required the demolition of the old mill, but it has also included the environmental detoxification of eight-acres of brownfields, making it a vital part of the ongoing Neponset River Restoration Project.
August 9, 2010 - Bob Dorfman, president of MA Brownfields Tax Credits, announces that on August 5th, Governor Duval Patrick signed "An Act Relative to Economic Development Reorganization".
This Act extends the Commonwealth's Brownfields tax credit program until December 31, 2013. Without the adopted amendment to the General Laws, this vital tax credit program was scheduled to terminate on December 31, 2011. Many Brownfield remediation projects would have been left in limbo without knowing if the credit would have been available for their projects. This concern, at least for the next several years, is now removed.