summary
Introduced
03/29/2021
03/29/2021
In Committee
03/03/2022
03/03/2022
Crossed Over
Passed
Dead
12/31/2022
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)
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/192/S273 |
Bill | https://malegislature.gov/Bills/192/S273.pdf |
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