summary
Introduced
01/22/2019
01/22/2019
In Committee
08/10/2020
08/10/2020
Crossed Over
Passed
Dead
12/31/2020
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)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
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State Bill Page | https://malegislature.gov/Bills/191/S216 |
Bill | https://malegislature.gov/Bills/191/S216.pdf |
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