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Serving Investors & Developers with Tax Credit Equity
#1 Financier of MA Brownfields Tax Credits 4 years running


ECONOMIC DEVELOPMENT INCENTIVES INC. announce successful financing for a majority (59%) of all MA Brownfields Tax Credit dollar closings for 2012 - 2014, based on statistics recently published by MA Department of Revenue

Boston, MA - January 5, 2016 - Bob Dorfman and Hal Davis of ECONOMIC DEVELOPMENT INCENTIVES INC. announce successful financing for a majority (59%) of all MA Brownfields Tax Credit dollar closings for calendar years 2012 through 2014 (average), based on statistics recently published by MA Department of Revenue (DOR).

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Dorfman Capital closes $72 Million in Tax Credit Financing

Boston, MA - February 15, 2015 - Bob Dorfman, president of Dorfman Capital, announces the completion of a record year in 2014, closing $72 million in tax credit financing. Representative transactions include:

  • MA low income housing tax credit (MA LIHTC) for Beacon Communities associated with the Georgetowne Project in Boston, MA
  • State historic tax credits (SHTC) for the Related Companies/Congress Group associated with the 100 Arlington Street Project in Boston, MA
  • Federal historic tax credits (FHTC) for Cornish Associates associated with the Kinsley Project in Providence, RI
  • MA brownfields tax credits (MA BTC) for Dana Farber Institute in Boston, MA

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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.

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Massachusetts Brownfields Tax Credits Legislative Update July 2013

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.

Without the extension, this vital tax credit program was scheduled to terminate on December 31, 2013. Many Brownfield remediation projects would have been left in limbo without knowing if the credit would have been available for their projects. This concern, for the next five years, is now removed.

Dorfman Capital and New England Economic Development Corp. were responsible for drafting the legislation and working for its adoption.

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