State officials voted Wednesday to approve $6 million in tax credits to help the European company EF Education First expand its US headquarters in Cambridge.
EF, which provides educational overseas travel, plans to construct a building at its campus along the Charles River, where in 2014 it opened a $125 million building that has an eye-catching zig-zag design to it. EF also has another Cambridge building, which it opened in 1997.
As part of the $133 million expansion, the company plans to create 300 jobs, meaning the tax credits amount to a state investment of about $20,000 per job. EF presently employs 1,150 in Cambridge. The company plans to buy the land from the state for the new building this fall for $20 million, complete construction in 2019, and have the 300 new employees on board by 2023.
The $6 million tax credit is the third-largest Massachusetts has awarded since the incentive program was revamped in 2010, according to the state’s Executive Office of Housing and Economic Development; gun maker Smith & Wesson also received $6 million in aid in 2010.
Other state incentives, such as grants to pay for infrastructure related to office space construction, can be much higher. General Electric, for example, received a state package worth as much as $120 million to move from Connecticut to Boston.
Wayfair, the Boston-based e-commerce company, also received tax credits Wednesday worth $1.15 million as part of a $105 million expansion of its offices, which the company says will add 460 jobs to the 2,880 already in Boston.
This marks the second time Wayfair has received a state incentive; it was awarded a $264,000 credit in 2014, shortly after Wayfair went public.
The Massachusetts council also approved state tax credits worth $2 million to F.H. Cann & Associates, a student loan servicer in North Andover, to help fund a $1.9 million expansion with 220 new jobs. Twins Enterprise, which produces the ’47 brand of sports clothing, is receiving $150,000 in investment tax credits to expand operations, including a new distribution facility in East Bridgewater. The company is also receiving $536,000 in subsidies from the town of East Bridgewater.
The board also approved a tax incentive worth $1.3 million that the city of Taunton is providing to the entity that owns The Boston Globe, for a new printing facility there.
Adam Vaccaro can be reached at adam.vaccaro@globe.com. Follow him on Twitter at @adamtvaccaro.