summary
Introduced
11/13/2024
11/13/2024
In Committee
11/13/2024
11/13/2024
Crossed Over
Passed
11/14/2024
11/14/2024
Dead
Signed/Enacted/Adopted
11/20/2024
11/20/2024
Introduced Session
193rd General Court
Bill Summary
Relative to strengthening Massachusetts’ economic leadership (House, No. 4804), reports, in part, recommending passage of the accompanying bill (House, No. 5100).
AI Summary
This bill appropriates a total of $1,975,017,000 for fiscal years 2024 through 2029 to strengthen Massachusetts' economic leadership through community development, economic opportunities, support for local governments, industry innovation, job creation, and economic reinvestment.
* **Executive Office of Economic Development:**
* Employment Social Enterprise Capital Grant Program: $10,000,000 from the General Fund.
* Coastal Communities Grant Program: $100,000,000 from the General Fund.
* Massachusetts Technology Development Corporation (MassVentures) grants for SBIR/STTR commercializing companies: $25,000,000 from the General Fund.
* Massachusetts Technology Development Corporation (MassVentures) grants for alternative proteins: $5,000,000 from the General Fund.
* Scientific and Technology Research and Development Matching Grant Fund: $133,000,000 from the General Fund, with specific allocations to UMass Amherst ($30,000,000) and UMass Dartmouth ($8,000,000).
* Massachusetts Development Finance Agency (MassDevelopment) for site readiness: $3,000,000 from the General Fund.
* Massachusetts Development Finance Agency (MassDevelopment) growth capital division for community development financial institutions: $35,000,000 from the General Fund.
* Brownfields Redevelopment Fund: $30,000,000 from the General Fund.
* Massachusetts Development Finance Agency (MassDevelopment) growth capital division for low- and moderate-income entrepreneurs: $10,000,000 from the General Fund.
* Office of Travel and Tourism competitive grant program: $40,000,000 from the General Fund.
* Commonwealth Zoological Corporation for capital improvements: $15,000,000 from the General Fund.
* Massachusetts Broadband Incentive Fund: $10,000,000 from the General Fund.
* Massachusetts Technology Park Corporation for manufacturer collaboration grants: $99,000,000 from the General Fund.
* MassWorks infrastructure program: $400,000,000 from the General Fund.
* Program for blighted, abandoned, vacant or underutilized properties: $90,000,000 from the General Fund.
* Massachusetts Technology Park Corporation for alternative proteins matching grants: $5,000,000 from the General Fund.
* Mass Impact capital grant program: $252,500,000 from the General Fund, including $2,500,000 for the Museum of Science.
* Rural development program: $100,000,000 from the General Fund.
* Capital grant program for private businesses constructing or expanding facilities: $25,000,000 from the General Fund.
* Massachusetts Technology Park Corporation for artificial intelligence adoption: $103,000,000 from the General Fund, including $3,000,000 for a Financial Innovation and Research Center in Worcester.
* Massachusetts Technology Park Corporation for industry-led consortia infrastructure: $115,000,000 from the General Fund, including $40,000,000 for a quantum innovation hub.
* Massachusetts Technology Park Corporation for robotics research and development: $25,000,000 from the General Fund.
* Grant program for cities and towns for downtowns and main streets: $9,500,000 from the General Fund.
* Massachusetts Life Sciences Breakthrough Fund: $580,000,000 from the General Fund, including $80,000,000 for UMass Boston nursing facilities.
* Clean Energy Investment Fund: $200,000,000 from the General Fund.
* Massachusetts Offshore Wind Industry Investment Trust Fund: $200,000,000 from the General Fund.
* **Executive Office for Administration and Finance:**
* Massachusetts Cultural Facilities Fund: $50,000,000 from the General Fund.
* Grants for economic development in cities, towns, and regional organizations: $100,000,000 from the General Fund.
* Massachusetts Educational Financing Authority: $85,000,000 from the General Fund.
* Local economic development projects: $864,517,000 from the General Fund, with numerous specific allocations to municipalities and organizations for various infrastructure, community, and economic development projects.
* **Executive Office of Health and Human Services:**
* Program to address capital needs of nursing facilities: $50,000,000 from the General Fund.
* **Board of Library Commissioners:**
* Grants to cities and towns for public library projects: $150,000,000 from the General Fund.
* **Executive Office of Housing and Livable Communities:**
* Small Properties State Acquisition Funding Pilot program: $10,000,000 from the General Fund.
* **Secretary of the Commonwealth:**
* Massachusetts Historical Commission grant program for historic properties: $8,000,000 from the General Fund.
The bill also includes numerous provisions related to economic development incentives, municipal zoning requirements, civil service reforms, and various other regulatory and administrative changes. Funding for many of these appropriations is authorized through bonds issued by the Commonwealth.
Sponsors (0)
No sponsors listed
Last Action
For actions on the sections returned with recommendations of amendment, see H5111 (on 11/25/2024)
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/H5100 | 11/13/2024 |
| BillText | https://malegislature.gov/Bills/193/H5100.pdf | 11/13/2024 |
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