Economic Development Incentives Inc., a joint venture between Dorfman Capital and New England Economic Development designed to help real estate owners who develop brownfield sites, closed on more than $42.9 million in Massachusetts Brownfields Tax Credits in 2014.

“Hal Davis [principal of Economic Development Incentives Inc.] and I identified this market niche in 2009. As our experience has grown we have continued to: 1) be innovative and effective in our ability to maximize the amount of tax credits per project; 2) expand the marketability of these tax credits; 3) navigate through an increasingly challenging approval process. These factors result in smoother transactions overall and greater net proceeds to our clients,” Bob Dorfman, CEO and principal of Economic Development Incentives Inc., said in a statement.

Since 2009, more than 90 projects have qualified for $127.5 million of Massachusetts Brownfields Tax Credits. Clients include Millennium Partners, Emerson College and Nuestra Comunidad Development Corp.