Bill > H4789

This bill appropriates $2,865,000,000 for fiscal years 2024 through 2029 to strengthen Massachusetts' economic leadership through investments in infrastructure, innovation, and job creation. * **MassWorks Infrastructure Program:** $400,000,000 from the General Fund for infrastructure improvements to support economic development. * **Massachusetts Life Sciences Investment Fund:** $580,000,000 from the General Fund for the Massachusetts Life Sciences Breakthrough Fund to support research, development, and commercialization in the life sciences sector. * **Mass Impact Program:** $250,000,000 from the General Fund for large, transformational projects to drive economic growth. * **Clean Energy Investment Fund:** $200,000,000 from the General Fund to promote jobs, economic development, and workforce development in clean energy technologies. * **Massachusetts Offshore Wind Industry Investment Trust Fund:** $200,000,000 from the General Fund to support the offshore wind industry. * **Rural Development Program:** $100,000,000 from the General Fund to promote economic opportunity in rural communities. * **Artificial Intelligence Capabilities Program:** $100,000,000 from the General Fund to support the adoption and application of artificial intelligence in various technology sectors. * **Collaboration Among Manufacturers Grant Program:** $99,000,000 from the General Fund to support collaboration between manufacturers and educational institutions. * **Seaport Economic Council Grants:** $100,000,000 from the General Fund for grants to coastal communities for economic development in the maritime sector. * **Scientific and Technology Research and Development Matching Grant Fund:** $95,000,000 from the General Fund to support research and development. * **Massachusetts Technology Development Corporation (MassVentures) Grants:** $25,000,000 and $5,000,000 from the General Fund to support Massachusetts-based companies commercializing technologies from federal grants. * **Brownfields Redevelopment Fund:** $30,000,000 from the General Fund for the redevelopment of blighted properties. * **Massachusetts Cultural Facilities Fund:** $50,000,000 from the General Fund for capital improvements to cultural facilities. * **Municipal Grant Program for Public Libraries:** $150,000,000 from the General Fund to support public library projects. * **Economic Development Assistance:** $100,000,000 from the General Fund for grants to support economic development, workforce development, higher education, tourism, and arts and culture. * **Massachusetts Educational Financing Agency:** $85,000,000 from the General Fund to assist students and institutions with higher education costs. * **Massachusetts Technology Park Corporation:** $5,000,000 from the General Fund for matching grants to support agricultural biotechnology. * **Massachusetts Development Finance Agency:** $3,000,000 from the General Fund for site assembly and predevelopment activities. * **Massachusetts Growth Capital Corporation:** $35,000,000 and $10,000,000 from the General Fund for grants to community development financial institutions and small businesses. * **Office of Travel and Tourism Grant Program:** $40,000,000 from the General Fund to improve tourism facilities and destinations. * **Commonwealth Zoological Corporation:** $15,000,000 from the General Fund for capital improvements to facilities operated by Zoo New England. * **Massachusetts Broadband Incentive Fund:** $10,000,000 from the General Fund for broadband infrastructure improvements. * **Program for Redevelopment of Blighted Properties:** $40,000,000 from the General Fund to improve, rehabilitate, or redevelop blighted, abandoned, vacant, or underutilized properties. * **Massachusetts Historical Commission Grant Program:** $8,000,000 from the General Fund for the preservation of historic properties. * **Massachusetts Technology Park Corporation:** $75,000,000 and $25,000,000 from the General Fund for grants supporting emerging technology sectors and robotics technology. * **Massachusetts Life Sciences Breakthrough Fund:** $580,000,000 from the General Fund for expansion of facilities at the University of Massachusetts Boston and other life sciences initiatives. * **Massachusetts Life Sciences Investment Fund:** $580,000,000 from the General Fund for the Massachusetts Life Sciences Breakthrough Fund. * **Clean Energy Investment Fund:** $200,000,000 from the General Fund to promote jobs, economic development, and workforce development in clean energy technologies. * **Massachusetts Offshore Wind Industry Investment Trust Fund:** $200,000,000 from the General Fund to support the offshore wind industry. The bill also includes various tax credits and incentives for businesses in sectors such as live theater, digital interactive media, and climatetech. It also makes changes to regulations concerning permitting, business development, and the operation of certain industries. The total amount appropriated is $2,865,000,000, funded through bonds. The funds are available until June 30, 2029, with some exceptions extending to June 30, 2034.