The state this week approved tax incentives to help Eagle Management Co. to combine its manufacturing plants in Lawrence and Middleton into an expanded 37,700-square-foot manufacturing center in Methuen.
The Massachusetts Economic Assistance Coordinating Council approved $375,000 in Economic Development Incentive Program tax credits.
Eagle Management, a service-disabled veteran-owned small business, manufactures wooden doors and drawers. It plans to purchase Methuen property for $6.15 million and invest $1.5 million to equip, outfit and complete the relocation. The new plan will support the creation of 25 jobs over the next five years.
It was one of eight projects approved for participation in the program that seeks to create new jobs and help businesses grow by offering credits to lower taxes in exchange for job creation commitments.
“Through Mass Leads, we reformed the Economic Development Incentive Program to make it more accessible, transparent and focused on what matters most—supporting businesses that want to grow, expand and add new jobs in Massachusetts,” said Gov. Maura T. Healey. “This program helps companies in high-demand industries grow and hire top talent, and strengthens our position as the best place to do business.”