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Bill > S216


MA S216

Relative to promoting local economic development


summary

Introduced
01/22/2019
In Committee
08/10/2020
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

For legislation to promote local economic development. Economic Development and Emerging Technologies.

AI Summary

This bill aims to promote local economic development by establishing a local economic development assistance program within the Executive Office of Housing and Economic Development. The program will provide technical and financial assistance, in the form of grants, to cities and towns that have completed an economic self-assessment identifying opportunities for growth. Eligible cities and towns, or groups of municipalities, can apply for grants to fund economic development initiatives identified in their self-assessment. The bill sets a $10 million annual funding limit for the program, subject to appropriation, and requires the Office to adopt rules, regulations, and guidelines for the program's administration and enforcement, as well as submit annual reports on its expenditures and results.

Committee Categories

Budget and Finance, Business and Industry

Sponsors (4)

Last Action

Bill reported favorably by committee and referred to the committee on Senate Ways and Means (on 08/10/2020)

bill text


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