GLOUCESTER EDIC

Gloucester EDIC was formed in 1977 under Chapter 121 C of the Massachusetts General Laws, which allows municipalities to form a governmental corporation to carry out economic development projects, pursuant to economic development plans which are approved by the City Council. These projects focus on developing industrial parks with infrastructure and lots of land within the City to increase employment, generate tax revenue and increase business activity. The EDIC continues to work with City officials and other economic development organizations to identify potential new opportunities for development... Gloucester's Economic Development and Industrial Corporation is one of several organizations working together to promote businesses and jobs in Gloucester. A state-chartered corporation, the EDIC has authority to acquire, fund and develop land and buildings that support economic development with a primary focus on industrial and manufacturing projects and collateral activities. It works..