Industrial Development Corporation (HEDIC) - City of Holyoke

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The Holyoke Economic Development and Industrial Corporation (HEDIC) is chartered under Chapter 121C of the Massachusetts General Laws. Projects are detailed in an Economic Development Plan which require approval of the Mayor and City Council. HEDIC has the authority to buy and sell property, manage projects, approve financing and assist private developers. HEDIC administers the Holyoke Industrial Development Loan Program to assist new and expanding companies meet their capital needs. HEDIC is grantee of Foreign Trade Zone #201 which helps businesses realize import and export savings. The HEDIC works in conjunction with the Office of Planning and Development to improve economic conditions in the City of Holyoke.