Bill > H4722

This bill appropriates a total of $1.925 billion for fiscal years through 2029 and $900 million for fiscal years through 2034 to strengthen Massachusetts' economic leadership through various programs and initiatives. * **MassWorks Infrastructure Program:** $400,000,000 for infrastructure improvements to support economic development. * **Massachusetts Life Sciences Breakthrough Fund:** $500,000,000 to support research, development, and innovation in the life sciences sector. * **Mass Impact Program:** $250,000,000 for large, transformational projects to drive economic growth. * **Clean Energy Investment Fund:** $200,000,000 to promote jobs, economic, and workforce development in clean energy technologies. * **Massachusetts Offshore Wind Industry Investment Trust Fund:** $200,000,000 to support the offshore wind industry and related economic development. * **Grants to Cities and Towns for Public Library Projects:** $150,000,000 for library improvements. * **Grants for Economic Development and Workforce Development:** $100,000,000 for cities, towns, regional organizations, and quasi-governmental agencies to support economic development, workforce development, higher education, tourism, and arts and culture. * **Rural Development Program:** $100,000,000 to promote economic opportunity and prosperity in rural communities. * **Massachusetts Technology Park Corporation for Collaboration Grants:** $99,000,000 to support collaboration among manufacturers and institutions of higher education, non-profits, and public entities. * **Grants to Coastal Communities (Seaport Economic Council):** $100,000,000 for community planning and investment activities that stimulate economic development and create jobs in the maritime economy sector, with consideration for climate change impacts. * **Massachusetts Technology Park Corporation for AI Adoption:** $100,000,000 to support the adoption and application of artificial intelligence to public policy problems and advance the commonwealth's lead in technology sectors. * **Program for Redevelopment of Blighted Properties:** $90,000,000 to improve, rehabilitate, or redevelop blighted, abandoned, vacant, or underutilized properties. * **Massachusetts Educational Financing Agency:** $85,000,000 to assist students and institutions of higher education in supporting access to affordable higher education. * **Massachusetts Technology Park Corporation for Emerging Technology Sectors:** $75,000,000 to provide infrastructure support for industry-led consortia in key emerging technology sectors. * **Massachusetts Growth Capital Corporation for Community Development Financial Institutions:** $35,000,000 to provide matching grants to community development financial institutions and corporations to make loans to small businesses, prioritizing disadvantaged businesses. * **Brownfields Redevelopment Fund:** $30,000,000 for the redevelopment of brownfields sites. * **Grants to Private Businesses for Facility Expansion:** $25,000,000 for private businesses constructing or expanding facilities, with incentives for decarbonization and climate resilience. * **Massachusetts Technology Development Corporation (MassVentures) for SBIR/STTR Commercialization Grants:** $25,000,000 for grants to Massachusetts-based companies commercializing technologies developed with federal SBIR/STTR grants. * **Massachusetts Technology Park Corporation for Agricultural Biotechnology Grants:** $5,000,000 for matching grants to support agricultural biotechnology and non-therapeutic biomanufacturing. * **Massachusetts Technology Development Corporation (MassVentures) for Agricultural Biotechnology/Biomanufacturing Grants:** $5,000,000 for grants to Massachusetts-based companies in agricultural biotechnology or non-therapeutic biomanufacturing technologies developed with federal SBIR/STTR grants. * **Massachusetts Historical Commission Grants:** $8,000,000 for the preservation of historic properties, landscapes, and sites. * **Commonwealth Zoological Corporation:** $10,000,000 for capital improvements to facilities operated by Zoo New England. * **Massachusetts Broadband Incentive Fund:** $10,000,000 for capital repairs and improvements to broadband infrastructure. * **Massachusetts Growth Capital Corporation for Microbusinesses:** $10,000,000 for grants to low- and moderate-income entrepreneurs for capital needs. * **Office of Travel and Tourism Competitive Grant Program:** $40,000,000 to improve facilities and destinations to increase tourism. * **Massachusetts Cultural Facilities Fund:** $50,000,000 for improvements to cultural facilities. * **Massachusetts State Athletic Commission Fund:** Various appropriations and fee structures are established to support the operations of the commission, including licensing fees, fines, and other revenue. * **Boxers' Fund:** Established to provide financial assistance for funeral expenses or injuries suffered by contestants in events governed by Chapter 23O. * **Climatetech Tax Incentive Program:** Various tax credits and incentives are established for companies involved in climatetech, including credits for capital investment, jobs, and research and development. * **Live Theater Tax Credit:** A tax credit program is established to support live theater productions in the commonwealth. * **Electric Vehicle Charging Station Registration:** Commercial electric vehicle charging stations are required to register with the division of standards. * **Youth Sports Regulation:** The Massachusetts State Athletic Commission is tasked with promulgating rules and regulations for youth sports, including player safety and licensing. The bill also includes provisions related to the establishment of an office of performance management and oversight within the Executive Office of Economic Development, and various amendments to existing laws concerning economic development, taxation, and regulatory processes. The funding for these appropriations will be generated through the issuance of bonds.