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Bill > S273


MA S273

Relative to promoting local economic development


summary

Introduced
03/29/2021
In Committee
03/03/2022
Crossed Over
Passed
Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

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

AI Summary

This bill establishes 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 recently completed an economic self-assessment or similar analysis identifying opportunities for growth. Cities and towns can apply individually or jointly, with one municipality acting as the fiscal agent. The program is funded up to $10 million per fiscal year, subject to appropriation, or through other funds provided by the Massachusetts Development Finance Authority. The bill also requires the Executive Office to adopt rules, regulations, and guidelines for the program, and to submit an annual report detailing the expenditures and results.

Committee Categories

Budget and Finance, Business and Industry

Sponsors (1)

Last Action

Bill reported favorably by committee and referred to the committee on Senate Ways and Means (on 03/03/2022)

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