Program Fact Sheet

Jobs Incentive Payment Program (JIPP) Payments to biotechnology or medical device manufacturing companies that create jobs based on income taxes generated by new employees. (Created under the 2003 Economic Stimulus Bill, c.141 of the Acts of 2003, s.23.  Expanded under the 2006 Economic Stimulus Bill, c. 123 of the Acts of 2006, s. 56, 57, and 58, to include marine science technology companies.) Department of Revenue (DOR)

Fiscal year of pay-ments	Recipient	Region	Industry Type	Payment amount(s) approved	Payment amount(s) disbursed	Amount of funds matched or leveraged	Jobs existing	New jobs created
Totals				$35,838	$35,838	**	***	138
2005	Company No. 1	***	***	$2,375	$2,375	**	***	11
2005 and 2006	Company No. 2	***	***	$4,588	$4,588	**	***	13
2005 and 2006	Company No. 3	***	***	$17,017	$17,017	**	***	25
2005 and 2006	Company No. 4	***	***	$4,488	$4,488	**	***	69
2005	Company No. 5	***	***	$7,370	$7,370	**	***	20

Note: Data involve transactions conducted from January 2004, following enactment of the 2003 Economic Stimulus Bill, to September 2006.  Data are updated when provided by the administering agency. Note: Based on confidentiality requirements under Massachusetts General Laws c.62C, s.21, DOR has declined to disclose information about companies receiving payments under the program. * Not applicable     ** Not yet available      *** Not disclosed