Bill > H4459

This bill appropriates a total of $2.815 billion for strengthening Massachusetts' economic leadership across various sectors for fiscal years up to 2034. * **Executive Office of Economic Development:** * MassWorks infrastructure program: $400,000,000 * Mass Impact capital grant program for transformational projects: $250,000,000 * Massachusetts Life Sciences Breakthrough Fund: $500,000,000 * Clean Energy Investment Fund: $200,000,000 * Massachusetts Offshore Wind Industry Investment Trust Fund: $200,000,000 * Grants for collaboration among manufacturers and higher education/non-profits: $99,000,000 * Rural development program: $100,000,000 * Grants to coastal communities for maritime economic development: $100,000,000 * Grants for artificial intelligence adoption and application: $100,000,000 * Infrastructure support for emerging technology consortia (e.g., quantum, bioindustrial): $75,000,000 * Grants for robotics technology research and development: $25,000,000 * Grants for private businesses constructing or expanding facilities with decarbonization or climate resilience features: $25,000,000 * Massachusetts Growth Capital Corporation for loans to small businesses, prioritizing disadvantaged businesses: $35,000,000 * Brownfields Redevelopment Fund: $30,000,000 * Grants to low- and moderate-income entrepreneurs for capital needs: $10,000,000 * Office of Travel and Tourism grant program for improving facilities and destinations: $40,000,000 * Massachusetts Development Finance Agency for site assembly and predevelopment: $3,000,000 * Massachusetts Broadband Incentive Fund for broadband infrastructure: $10,000,000 * Commonwealth Zoological Corporation for capital improvements: $10,000,000 * **Executive Office for Administration and Finance:** * Massachusetts Cultural Facilities Fund: $50,000,000 * Grants for economic development projects supporting workforce development, higher education, tourism, and arts/culture: $100,000,000 * Massachusetts Educational Financing Agency for affordable higher education: $85,000,000 * Grants to cities and towns for public library projects: $150,000,000 * **Secretary of the Commonwealth:** * Massachusetts Historical Commission grant program for historic preservation: $8,000,000 The bill also includes numerous provisions related to economic development incentives, tax credits for various industries (including life sciences, climatetech, and live theater), and regulatory reforms aimed at streamlining business operations. Funding for sections 2 to 2B is available until June 30, 2029, and for section 2C until June 30, 2034. The total bond authorization for these appropriations is $1.915 billion for sections 2-2B and $900 million for section 2C, with repayment not later than June 30, 2059, and June 30, 2064, respectively.