summary
Introduced
07/11/2024
07/11/2024
In Committee
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
193rd General Court
Bill Summary
Site Information & Links
AI Summary
This bill appropriates a total of $2,464,190,000 for community development, economic opportunities, support for local governments, industry innovation, job creation, and economic reinvestment, covering fiscal years through June 30, 2029, with some provisions extending to June 30, 2034.
* **Executive Office of Economic Development:**
* Massachusetts Life Sciences Breakthrough Fund: $225,000,000
* Employment social enterprise capital grant program: $10,000,000
* Seaport Economic Council grant program for coastal communities: $100,000,000
* Massachusetts Technology Development Corporation (MassVentures) grants for SBIR/STTR commercializing companies: $25,000,000
* MassVentures grants for alternative proteins companies: $5,000,000
* Scientific and Technology Research and Development Matching Grant Fund: $133,000,000 (including specific allocations to UMass Amherst and UMass Dartmouth)
* Massachusetts Development Finance Agency program for site readiness: $3,000,000
* Massachusetts Growth Capital Corporation grants to community development financial institutions and corporations: $35,000,000
* Brownfields Redevelopment Fund: $30,000,000
* Massachusetts Growth Capital Corporation grants to low- and moderate-income entrepreneurs: $10,000,000
* Office of Travel and Tourism competitive grant program: $40,000,000
* Commonwealth Zoological Corporation capital improvements: $15,000,000
* Massachusetts Broadband Incentive Fund: $10,000,000
* Massachusetts Technology Park Corporation grant programs for manufacturing collaboration: $99,000,000
* MassWorks infrastructure program: $400,000,000
* Program for blighted, abandoned, vacant, or underutilized properties: $90,000,000
* Massachusetts Technology Park Corporation matching grants for alternative proteins: $5,000,000
* Mass Impact capital grant program for transformational projects: $50,000,000
* Rural development program: $100,000,000
* Executive office of economic development capital grant program for private businesses: $25,000,000
* Massachusetts Technology Park Corporation capital grant program for artificial intelligence adoption: $103,000,000 (including $3,000,000 for a Financial Innovation and Research Center in Worcester)
* Massachusetts Technology Park Corporation competitive program for industry-led consortia in emerging technology sectors: $115,000,000 (including $40,000,000 for a quantum innovation hub)
* Massachusetts Technology Park Corporation competitive program for robotics technology research and development: $25,000,000
* Grant program for cities and towns for downtowns and main streets vitality: $9,500,000
* Clean Energy Investment Fund: $200,000,000
* Massachusetts Offshore Wind Industry Investment Trust Fund: $200,000,000
* **Executive Office for Administration and Finance:**
* Massachusetts Cultural Facilities Fund: $50,000,000
* Grants for economic development, workforce development, higher education, tourism, arts, and culture: $100,000,000
* Massachusetts Educational Financing Authority assistance for students and higher education: $85,000,000
* Local economic development projects: $376,190,000 (This item includes numerous specific allocations to various cities and towns for infrastructure, public improvements, and economic development projects.)
* **Board of Library Commissioners:**
* Grants to cities and towns for approved public library projects: $150,000,000
* **Executive Office of Energy and Environmental Affairs:**
* Capital grants for agricultural, commercial fishing, and cranberry-growing sectors: $21,000,000
* **Executive Office of Housing and Livable Communities:**
* Small Properties State Acquisition Funding Pilot program: $10,000,000
* **Secretary of the Commonwealth:**
* Massachusetts Historical Commission grant program for preservation of historic properties, landscapes, and sites: $8,000,000
The bill also includes numerous provisions related to various state agencies, programs, and legal definitions, including changes to the age of criminal majority, the establishment of laureates for choreography and music, regulations for electric vehicle charging stations, the athletic commission, various economic development programs and tax incentives, life sciences initiatives, climatetech incentives, workforce development programs, clean fuel standards, educator diversity initiatives, and public health programs.
Sponsors (0)
No sponsors listed
Last Action
See H4804 (on 07/11/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://malegislature.gov/Bills/193/S2869 | 07/15/2024 |
| BillText | https://malegislature.gov/Bills/193/S2869.pdf | 07/15/2024 |
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